CenterPoint Energy Inc (CNP)
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 | 4,381,000 | 4,270,000 | 4,080,000 | 4,286,000 | 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 |
| Total current liabilities | US$ in thousands | 4,045,000 | 3,836,000 | 3,410,000 | 3,430,000 | 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 |
| Current ratio | 1.08 | 1.11 | 1.20 | 1.25 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,381,000K ÷ $4,045,000K
= 1.08
CenterPoint Energy Inc's current ratio has exhibited fluctuations over the past few years. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
From March 31, 2020, to June 30, 2020, the current ratio decreased significantly from 1.03 to 0.58, indicating a potential liquidity issue. However, there was a slight improvement by September 30, 2020, with the ratio increasing to 0.73.
The ratio then declined again to 0.61 by December 31, 2020. Subsequently, there were fluctuations in the current ratio until June 30, 2021, where a notable increase to 1.54 occurred, signaling an improvement in liquidity.
Over the next few quarters, the current ratio remained relatively stable, consistently above 1, indicating that CenterPoint Energy Inc had more current assets than current liabilities to cover its short-term obligations.
However, the ratio dipped to 0.88 by June 30, 2023, potentially indicating a temporary strain on liquidity. It recovered to 1.25 by March 31, 2024, and remained above 1 in subsequent quarters, suggesting an improved ability to meet short-term liabilities with current assets.
Overall, fluctuations in CenterPoint Energy Inc's current ratio suggest varying levels of liquidity and the need for continuous monitoring to ensure the company's short-term financial health.
Peer comparison
Dec 31, 2024