Duke Energy Corporation (DUK)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,950,000 | 12,769,000 | 13,222,000 | 9,940,000 | 8,682,000 |
| Total current liabilities | US$ in thousands | 19,357,000 | 17,283,000 | 18,873,000 | 15,931,000 | 16,305,000 |
| Current ratio | 0.67 | 0.74 | 0.70 | 0.62 | 0.53 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $12,950,000K ÷ $19,357,000K
= 0.67
Duke Energy Corporation's current ratio has shown an improving trend over the past five years. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, has increased from 0.53 in December 2020 to 0.67 in December 2024.
Although the current ratio is still below 1, indicating that Duke Energy may have difficulty meeting its short-term obligations with its current assets alone, the upward trend suggests that the company's liquidity position has been strengthening. This improvement could be attributed to better management of working capital, an increase in current assets, or a decrease in current liabilities.
It is important to continue monitoring Duke Energy's current ratio to ensure that the company maintains a sufficient level of liquidity to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024