Dominion Energy Inc (D)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,613,000 | 25,387,000 | 9,850,000 | 7,269,000 | 6,886,000 |
| Total current liabilities | US$ in thousands | 5,637,000 | 24,476,000 | 13,450,000 | 8,673,000 | 10,843,000 |
| Current ratio | 1.17 | 1.04 | 0.73 | 0.84 | 0.64 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,613,000K ÷ $5,637,000K
= 1.17
The current ratio measures Dominion Energy Inc's ability to cover its short-term obligations with its current assets. From 2020 to 2024, the current ratio has shown a fluctuating trend. In 2020, the ratio was 0.64, indicating that the company had less current assets to cover its current liabilities. However, by 2024, the ratio improved to 1.17, which suggests that Dominion Energy Inc has strengthened its liquidity position and is better able to meet its short-term financial obligations. Overall, the increasing trend in the current ratio over the years indicates an improving liquidity position for Dominion Energy Inc.
Peer comparison
Dec 31, 2024