Chesapeake Utilities Corporation (CPK)
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 | 204,300 | 166,487 | 156,277 | 169,665 | 185,699 | 137,466 | 136,769 | 159,504 | 193,976 | 169,203 | 145,046 | 152,968 | 173,135 | 132,993 | 110,553 | 128,552 | 136,431 | 119,321 | 98,558 | 111,927 |
| Total current liabilities | US$ in thousands | 419,400 | 434,811 | 410,193 | 371,655 | 386,384 | 288,410 | 255,157 | 246,779 | 369,023 | 328,851 | 287,291 | 279,713 | 376,433 | 354,542 | 322,256 | 316,002 | 329,032 | 359,972 | 429,823 | 402,496 |
| Current ratio | 0.49 | 0.38 | 0.38 | 0.46 | 0.48 | 0.48 | 0.54 | 0.65 | 0.53 | 0.51 | 0.50 | 0.55 | 0.46 | 0.38 | 0.34 | 0.41 | 0.41 | 0.33 | 0.23 | 0.28 |
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 exhibited fluctuations over the period under review. It stood at 0.28 on March 31, 2020, indicating that the company had $0.28 in current assets to cover each $1 in current liabilities. Subsequently, the ratio dropped to 0.23 by June 30, 2020, indicating a decrease in liquidity.
However, there was a notable improvement in liquidity as the current ratio increased to 0.41 by December 31, 2020, supported by an increase in current assets relative to current liabilities. The ratio remained relatively stable around this level until March 31, 2022, when it experienced a significant increase to 0.55, signaling a strengthening liquidity position.
Subsequently, the current ratio fluctuated between 0.38 and 0.65 until December 31, 2024, where it settled at 0.49. Overall, the current ratio trend suggests that Chesapeake Utilities Corporation has made efforts to manage its short-term obligations and improve liquidity over the period in question.
Peer comparison
Dec 31, 2024