Chesapeake Utilities Corporation (CPK)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 7,900 | 1,609 | 6,430 | 1,695 | 4,904 | 1,793 | 4,169 | 3,065 | 6,204 | 2,480 | 4,186 | 5,208 | 4,976 | 5,886 | 5,011 | 5,575 | 3,499 | 3,056 | 3,590 | 3,982 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 11,490 | 11,745 | 10,883 | 10,776 | 9,680 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.02 | 0.00 | 0.02 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.01 | 0.01 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,900K
+ $—K
+ $—K)
÷ $419,400K
= 0.02
The quick ratio of Chesapeake Utilities Corporation has shown fluctuating trends over the periods analyzed. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, was consistently low in the range of 0.01 to 0.05 from March 2020 to September 2021. There was a slight improvement in the quick ratio in the latter part of 2021, reaching 0.05 by December 2021.
However, the quick ratio dropped again in the following periods, fluctuating between 0.01 and 0.02 until June 2023. There was a slight increase in the quick ratio to 0.02 by December 2023 but fell back to 0.00 by March 2024, indicating potential liquidity challenges during that period. The ratio slightly recovered to 0.02 by June 2024 but then decreased to 0.00 by September 2024, reflecting continued pressure on short-term liquidity.
Overall, the quick ratio analysis suggests that Chesapeake Utilities Corporation faced varying levels of liquidity challenges throughout the periods examined, with notable fluctuations in its ability to cover its short-term liabilities with its liquid assets.
Peer comparison
Dec 31, 2024