Chesapeake Utilities Corporation (CPK)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 185,699 | 193,976 | 170,336 | 136,431 | 134,826 |
| Total current liabilities | US$ in thousands | 386,384 | 369,023 | 376,394 | 329,032 | 423,324 |
| Current ratio | 0.48 | 0.53 | 0.45 | 0.41 | 0.32 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $185,699K ÷ $386,384K
= 0.48
The current ratio for Chesapeake Utilities Corp has shown a fluctuating trend over the past five years, ranging from 0.32 in 2019 to 0.53 in 2022. As of December 31, 2023, the current ratio stands at 0.48. This indicates that the company's current assets may not be sufficient to cover its current liabilities. While the ratio has improved compared to the prior year, it still suggests potential liquidity concerns. It is important for the company to closely monitor its working capital management to ensure it has adequate resources to meet its short-term obligations.
Peer comparison
Dec 31, 2023
Company name
Symbol
Current ratio
Chesapeake Utilities Corporation
CPK
0.48
ONEOK Inc
OKE
0.90
Southwest Gas Holdings Inc
SWX
1.12