Dominion Energy Inc (D)

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	25,387,000	24,679,000	7,977,000	9,605,000	9,850,000	8,699,000	11,388,000	8,383,000	7,269,000	9,298,000	6,923,000	6,662,000	6,886,000	19,829,000	6,124,000	6,536,000	6,096,000	6,269,000	5,727,000	5,975,000
Total current liabilities	US$ in thousands	24,476,000	21,633,000	13,986,000	12,762,000	13,450,000	12,172,000	13,166,000	10,581,000	8,673,000	13,223,000	11,676,000	11,836,000	10,843,000	17,560,000	9,537,000	10,448,000	9,940,000	12,191,000	9,503,000	9,776,000
Current ratio		1.04	1.14	0.57	0.75	0.73	0.71	0.86	0.79	0.84	0.70	0.59	0.56	0.64	1.13	0.64	0.63	0.61	0.51	0.60	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 for Dominion Energy Inc has shown fluctuations over the past eight quarters. In Q4 2023, the current ratio was 1.04, indicating that the company had just enough current assets to cover its current liabilities. This ratio decreased from the previous quarter Q3 2023, where it was 1.14, suggesting a slight decline in short-term liquidity.

The current ratio reached its lowest point in Q2 2023 at 0.57, signaling potential liquidity concerns as current assets were insufficient to cover current liabilities. However, in Q3 2022, the company had a current ratio of 0.71, indicating a similar liquidity issue but experiencing an overall upward trend since that time.

It is important for Dominion Energy Inc to closely monitor and manage its current assets and liabilities to ensure that the current ratio remains at a healthy level to meet its short-term obligations effectively.