Evergy Inc. Common Stock (EVRG)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,789,100 | 1,842,000 | 1,710,300 | 1,624,300 | 1,467,700 |
| Total current liabilities | US$ in thousands | 3,512,600 | 3,493,800 | 3,102,900 | 2,355,800 | 2,335,900 |
| Current ratio | 0.51 | 0.53 | 0.55 | 0.69 | 0.63 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,789,100K ÷ $3,512,600K
= 0.51
The current ratio of Evergy Inc has shown a decreasing trend over the past five years, declining from 0.63 in 2019 to 0.51 in 2023. This indicates that the company's current assets may not be sufficient to cover its current liabilities. A current ratio below 1 suggests potential liquidity issues and may raise concerns about the company's ability to meet its short-term obligations. Evergy Inc's current ratio has been consistently below 1 since 2019, highlighting a possible ongoing liquidity challenge. Management should consider implementing measures to improve liquidity, such as optimizing working capital management or increasing current assets to better cover current liabilities.
Peer comparison
Dec 31, 2023