American States Water Company (AWR)

Current ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Total current assets US$ in thousands 233,346 222,360 209,523 205,091 205,978 191,685 168,910 139,690 151,294 138,790 138,970 130,856 138,052 143,659 136,312 118,912 157,115 139,407 137,026 127,405
Total current liabilities US$ in thousands 285,525 321,432 299,118 178,577 166,623 195,007 140,930 307,690 396,522 373,179 348,736 160,154 155,574 151,120 111,351 113,010 118,572 113,456 158,687 132,520
Current ratio 0.82 0.69 0.70 1.15 1.24 0.98 1.20 0.45 0.38 0.37 0.40 0.82 0.89 0.95 1.22 1.05 1.33 1.23 0.86 0.96

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $233,346K ÷ $285,525K
= 0.82

The current ratio of American States Water Company has fluctuated over the years, reflecting its ability to meet its short-term obligations. The ratio declined from December 2020 to June 2021, indicating potential liquidity challenges during that period. However, it improved in the following quarters, reaching a peak of 1.24 at December 2023.

Subsequently, the current ratio decreased notably by June 2024, suggesting a potential strain on the company's short-term liquidity. This decline could be a point of concern for investors and creditors, as a lower current ratio may indicate increased risk of default on current liabilities.

It is important for American States Water Company to closely monitor and manage its current assets and liabilities to ensure a healthy current ratio that provides assurance of its ability to cover short-term financial obligations.