Evergy, Inc. (EVRG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 77,600 | 1,789,100 | 1,842,000 | 1,710,300 | 1,624,300 |
| Total current liabilities | US$ in thousands | 1,139,900 | 3,512,600 | 3,493,800 | 3,102,900 | 2,355,800 |
| Current ratio | 0.07 | 0.51 | 0.53 | 0.55 | 0.69 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $77,600K ÷ $1,139,900K
= 0.07
The current ratio for Evergy, Inc. has been declining over the past five years, from 0.69 as of December 31, 2020, to 0.07 as of December 31, 2024. This indicates a significant weakening of the company's ability to cover its short-term obligations with its current assets. A current ratio below 1 suggests the company may have difficulty meeting its current liabilities, which can be a cause for concern for creditors and investors. It is important for Evergy to closely monitor its liquidity position and take appropriate measures to improve its current ratio to ensure its financial health and stability in the future.
Peer comparison
Dec 31, 2024