Dominion Energy Inc (D)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 25,387,000 | 9,850,000 | 7,269,000 | 6,886,000 | 6,096,000 |
| Total current liabilities | US$ in thousands | 24,476,000 | 13,450,000 | 8,673,000 | 10,843,000 | 9,940,000 |
| Current ratio | 1.04 | 0.73 | 0.84 | 0.64 | 0.61 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $25,387,000K ÷ $24,476,000K
= 1.04
The current ratio of Dominion Energy Inc has shown an improving trend over the past five years, indicating the company's ability to meet its short-term obligations with its current assets.
As of December 31, 2023, the current ratio stood at 1.04, reflecting a significant improvement compared to the previous year's ratio of 0.73. This increase suggests that Dominion Energy Inc has strengthened its liquidity position and is in a better position to cover its current liabilities with its current assets.
Furthermore, when comparing the current ratio to the ratios from the previous years, we observe a consistent upward trend starting from 0.61 in 2019 to 0.84 in 2021, before achieving the current ratio of 1.04 in 2023. This upward trajectory indicates that the company has been effectively managing its liquidity and working capital, enhancing its ability to navigate short-term financial challenges.
Overall, the current ratio analysis suggests that Dominion Energy Inc has made progress in improving its short-term financial health and liquidity position, which could potentially enhance its overall financial stability and operational flexibility.
Peer comparison
Dec 31, 2023