Eversource Energy (ES)

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	5,076,070	4,832,910	4,672,620	4,880,860	4,247,990	4,009,100	3,721,550	4,136,430	4,223,200	3,919,650	3,268,040	3,473,680	3,270,120	3,073,550	3,268,840	3,146,880	3,130,140	3,220,410	2,405,410	2,562,670
Total current liabilities	US$ in thousands	6,720,960	5,619,820	6,253,150	6,367,590	6,341,400	7,119,640	5,794,580	6,405,040	6,799,280	5,487,160	4,260,540	5,601,310	5,847,040	4,258,080	5,104,570	5,538,940	4,915,010	3,634,070	3,326,060	3,395,630
Current ratio		0.76	0.86	0.75	0.77	0.67	0.56	0.64	0.65	0.62	0.71	0.77	0.62	0.56	0.72	0.64	0.57	0.64	0.89	0.72	0.75

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,076,070K ÷ $6,720,960K
= 0.76

The current ratio of Eversource Energy has fluctuated over the past few years, with values ranging from 0.56 to 0.89. The ratio measures the company's ability to meet its short-term obligations with its current assets. Generally, a current ratio above 1 indicates that a company has more current assets than current liabilities, implying good liquidity.

From March 31, 2020, to December 31, 2024, the current ratio of Eversource Energy has shown some variability but remained generally below 1, indicating potential challenges in meeting short-term obligations with current assets alone.

The ratio reached its highest point at 0.89 on September 30, 2020, suggesting improved liquidity temporarily. However, the ratio declined to 0.56 on September 30, 2023, signaling a potential strain on short-term liquidity at that point in time. The ratio recovered slightly to 0.76 by December 31, 2024, but continued to show fluctuations within the range.

Overall, Eversource Energy's current ratio trend indicates a need for monitoring and potential management of working capital to ensure the company can meet its short-term financial obligations efficiently.