California Water Service Group (CWT)

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	50,121	59,556	82,675	88,263	84,966	34,735	55,595	52,286	62,100	90,458	61,749	68,379	78,380	140,368	66,483	84,387	44,555	113,312	114,388	140,406
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	917,901	—	—
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Quick ratio		0.09	0.10	0.16	0.17	0.20	0.09	0.15	0.15	0.21	0.28	0.22	0.24	0.31	0.39	0.18	0.13	0.08	1.71	0.20	0.27

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($50,121K + $—K + $—K) ÷ $538,364K
= 0.09

The quick ratio of California Water Service Group has shown fluctuations over the past few years, ranging from as low as 0.08 to as high as 1.71. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets. The ratio improved significantly in September 2020, suggesting better liquidity and ability to cover immediate liabilities. However, subsequent quarters showed a decline before stabilizing around 0.15 to 0.25 in recent periods. Overall, the company's quick ratio indicates a fluctuating but generally adequate level of liquidity to meet short-term financial obligations.