Black Hills Corporation (BKH)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 16,100 | 86,600 | 21,400 | 8,921 | 6,356 |
| Short-term investments | US$ in thousands | — | — | 30 | — | — |
| Total current liabilities | US$ in thousands | 763,400 | 1,185,100 | 1,666,700 | 901,713 | 696,533 |
| Cash ratio | 0.02 | 0.07 | 0.01 | 0.01 | 0.01 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($16,100K
+ $—K)
÷ $763,400K
= 0.02
The cash ratio of Black Hills Corporation remained consistently low at 0.01 from December 31, 2020, to December 31, 2022. However, the ratio increased notably to 0.07 on December 31, 2023, before slightly decreasing to 0.02 on December 31, 2024. This indicates that the company has a relatively low level of cash relative to its current liabilities, signaling potential liquidity challenges in meeting short-term obligations. Investors and stakeholders should monitor the trend of this ratio to assess the company's ability to maintain adequate liquidity levels in the future.
Peer comparison
Dec 31, 2024