Chesapeake Utilities Corporation (CPK)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 204,300 | 185,699 | 193,976 | 173,135 | 136,431 |
| Total current liabilities | US$ in thousands | 419,400 | 386,384 | 369,023 | 376,433 | 329,032 |
| Current ratio | 0.49 | 0.48 | 0.53 | 0.46 | 0.41 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $204,300K ÷ $419,400K
= 0.49
The current ratio of Chesapeake Utilities Corporation has shown an improving trend over the past five years, increasing from 0.41 in December 2020 to 0.49 in December 2024. This indicates that the company's ability to cover its short-term liabilities with its current assets has been strengthening. Despite some fluctuations, the current ratio generally appears to reflect a relatively stable and positive liquidity position for the company. A current ratio above 1 is typically considered healthy, as it suggests the company has more current assets than current liabilities to meet its short-term obligations. While the current ratio for Chesapeake Utilities Corporation has been below 1 in all the reported years, the increasing trend is a positive sign for its liquidity management.
Peer comparison
Dec 31, 2024