California Water Service Group (CWT)

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 324,136 362,951 266,810 283,126 296,285 302,282 311,856 269,283 295,535 339,165 276,652 272,474 300,458 393,408 305,586 302,400 266,016 305,764 266,889 270,082
Total current liabilities US$ in thousands 538,364 570,729 512,500 507,883 430,339 381,140 362,657 350,304 294,650 322,547 286,083 281,817 256,576 360,938 362,379 655,466 588,706 603,823 577,552 513,127
Current ratio 0.60 0.64 0.52 0.56 0.69 0.79 0.86 0.77 1.00 1.05 0.97 0.97 1.17 1.09 0.84 0.46 0.45 0.51 0.46 0.53

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $324,136K ÷ $538,364K
= 0.60

The current ratio of California Water Service Group has displayed fluctuations over the reporting periods provided. It decreased from 0.53 on March 31, 2020, to 0.46 on June 30, 2020, indicating a potential liquidity concern. Subsequently, the ratio improved to 1.17 by December 31, 2021, suggesting a healthier liquidity position.

The ratio decreased to 0.77 by March 31, 2023, and further to 0.52 by June 30, 2024, indicating a potential strain on short-term liquidity. However, it recovered to 0.60 by December 31, 2024. Overall, the current ratio of California Water Service Group has shown variability, likely reflecting fluctuations in current assets and liabilities impacting its ability to meet short-term financial obligations.