Duke Energy Corporation (DUK)

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	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	9,163,000	9,619,000	9,509,000	9,168,000
Total current liabilities	US$ in thousands	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	14,752,000	13,390,000	13,447,000	12,282,000
Current ratio		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	0.62	0.72	0.71	0.75

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $12,769,000K ÷ $17,283,000K
= 0.74

The current ratio of Duke Energy Corp. has exhibited some fluctuation over the past several quarters, indicating potential liquidity concerns. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations.

In Q4 2023, Duke Energy Corp.'s current ratio decreased to 0.74 from 0.76 in Q3 2023, which may raise concerns about the company's short-term liquidity position. The slight decline in the current ratio could be attributed to a decrease in current assets relative to current liabilities during the quarter.

Looking at the trend over the past year, the current ratio has remained below 1 in most quarters, signaling potential challenges in managing short-term obligations. The company showed a similar current ratio of 0.70 in Q4 2022 and Q2 2022, indicating persistent liquidity issues.

Overall, Duke Energy Corp.'s current ratio trend suggests that the company may need to improve its liquidity position by either increasing current assets or reducing short-term liabilities to ensure its ability to meet its financial obligations in the short term. Further analysis of the composition of current assets and liabilities would provide additional insights into the company's liquidity management.