CenterPoint Energy Inc (CNP)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,027,000 | 3,022,000 | 2,802,000 | 3,139,000 | 4,699,000 | 4,083,000 | 4,443,000 | 4,188,000 | 7,355,000 | 7,708,000 | 5,179,000 | 3,219,000 | 2,920,000 | 2,785,000 | 2,501,000 | 4,164,000 | 3,937,000 | 3,416,000 | 3,326,000 | 3,419,000 |
| Total current liabilities | US$ in thousands | 3,864,000 | 3,893,000 | 3,184,000 | 3,150,000 | 5,113,000 | 4,611,000 | 4,318,000 | 4,605,000 | 4,287,000 | 4,507,000 | 3,369,000 | 4,326,000 | 4,825,000 | 3,830,000 | 4,309,000 | 4,042,000 | 3,978,000 | 3,434,000 | 2,996,000 | 3,139,000 |
| Current ratio | 0.78 | 0.78 | 0.88 | 1.00 | 0.92 | 0.89 | 1.03 | 0.91 | 1.72 | 1.71 | 1.54 | 0.74 | 0.61 | 0.73 | 0.58 | 1.03 | 0.99 | 0.99 | 1.11 | 1.09 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,027,000K ÷ $3,864,000K
= 0.78
Centerpoint Energy Inc.'s current ratio has fluctuated over the past eight quarters, ranging from a low of 0.78 to a high of 1.03. A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets.
In the most recent quarter, the current ratio stood at 0.78, which suggests that Centerpoint Energy Inc. may have a tight liquidity position and potentially faces challenges in covering its current liabilities with available current assets. However, it is noteworthy that the current ratio has shown improvement in the prior quarters, reaching a high of 1.03 in Q2 2022.
Overall, the trend in Centerpoint Energy Inc.'s current ratio indicates some variability in the company's liquidity position. It is important for investors and creditors to monitor the current ratio over time to assess the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023