California Water Service Group (CWT)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	184,712	212,056	206,030	192,725
Total current liabilities	US$ in thousands	430,339	381,140	362,657	350,304	294,650	322,547	286,083	281,817	271,937	360,938	362,379	655,466	588,706	603,823	577,552	513,127	358,721	333,944	331,389	384,043
Current ratio		0.69	0.79	0.86	0.77	1.00	1.05	0.97	0.97	1.10	1.09	0.84	0.46	0.45	0.51	0.46	0.53	0.51	0.64	0.62	0.50

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $296,285K ÷ $430,339K
= 0.69

The current ratio of California Water Service Group has been fluctuating over the past eight quarters, ranging from a low of 0.69 in Q4 2023 to a high of 1.05 in Q3 2022. This ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 indicates that the company may have difficulties in meeting its short-term liabilities with its current assets alone.

The downward trend in the current ratio from Q3 2022 to Q4 2023 raises some concerns about the company's liquidity and ability to cover its short-term debts. It is important for investors and creditors to monitor this ratio closely, as a consistently low current ratio may signal potential financial distress for California Water Service Group. Management should focus on improving the liquidity position of the company to ensure its financial stability in the future.