Duke Energy Corporation (DUK)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 12,950,000 | 12,142,000 | 12,557,000 | 12,091,000 | 12,769,000 | 13,048,000 | 13,088,000 | 12,314,000 | 13,222,000 | 12,972,000 | 11,561,000 | 11,042,000 | 9,940,000 | 9,436,000 | 8,985,000 | 8,508,000 | 8,682,000 | 8,679,000 | 9,237,000 | 10,181,000 |
| Total current liabilities | US$ in thousands | 19,357,000 | 17,427,000 | 15,482,000 | 15,546,000 | 17,283,000 | 17,160,000 | 17,375,000 | 16,015,000 | 18,873,000 | 16,912,000 | 16,544,000 | 15,425,000 | 15,931,000 | 15,556,000 | 16,211,000 | 17,333,000 | 16,305,000 | 16,693,000 | 16,690,000 | 15,170,000 |
| Current ratio | 0.67 | 0.70 | 0.81 | 0.78 | 0.74 | 0.76 | 0.75 | 0.77 | 0.70 | 0.77 | 0.70 | 0.72 | 0.62 | 0.61 | 0.55 | 0.49 | 0.53 | 0.52 | 0.55 | 0.67 |
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 exhibited fluctuations over the period covered. The current ratio is a measure of the company's ability to cover its short-term liabilities with its short-term assets. A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations.
From March 31, 2020, to June 30, 2021, Duke Energy's current ratio decreased from 0.67 to 0.55 before showing a slight improvement to 0.61 by September 30, 2021. However, the ratio declined again to 0.62 by December 31, 2021. From March 31, 2022, to March 31, 2024, the current ratio consistently improved, reaching 0.78 by March 31, 2024.
The trend in the current ratio indicates that Duke Energy's liquidity position has been somewhat volatile, with periods of improvement followed by fluctuations. Investors and stakeholders should carefully monitor this ratio to ensure the company has sufficient short-term assets to cover its current liabilities.
Peer comparison
Dec 31, 2024