Eversource Energy (ES)

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	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	2,414,540	2,220,900	2,131,700	2,300,860
Total current liabilities	US$ in thousands	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	3,605,560	3,748,910	3,512,120	4,559,360
Current ratio		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	0.67	0.59	0.61	0.50

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,247,990K ÷ $6,341,400K
= 0.67

The current ratio of Eversource Energy has fluctuated over the past eight quarters. The ratio ranged from a low of 0.56 in Q3 2023 to a high of 0.77 in Q3 2022. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone. Eversource Energy experienced a downward trend in the current ratio from Q1 2022 to Q3 2023, which may raise concerns about its liquidity position. The Q4 2023 current ratio of 0.67 shows a slight improvement from the previous quarter but remains below the industry benchmark of 1. Overall, Eversource Energy's current ratio suggests some liquidity challenges that investors and stakeholders should monitor closely.