Evergy Inc. Common Stock (EVRG)

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	1,789,100	1,896,100	1,835,300	1,798,300	1,842,000	1,905,700	1,922,100	1,722,000	1,710,300	1,801,800	1,729,600	2,001,900	1,624,300	1,914,700	1,790,400	1,732,800	1,467,700	1,512,300	1,539,400	1,927,600
Total current liabilities	US$ in thousands	3,512,600	4,809,700	3,951,600	3,466,400	3,493,800	3,671,700	3,859,700	3,391,300	3,102,900	2,670,600	2,703,900	3,244,400	2,355,800	2,098,200	2,086,100	2,397,700	2,335,900	2,075,100	3,482,800	3,335,400
Current ratio		0.51	0.39	0.46	0.52	0.53	0.52	0.50	0.51	0.55	0.67	0.64	0.62	0.69	0.91	0.86	0.72	0.63	0.73	0.44	0.58

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,789,100K ÷ $3,512,600K
= 0.51

Based on the quarterly data provided, Evergy Inc's current ratio has been fluctuating over the past eight quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets. Evergy's current ratio peaked at 0.52 in Q1 2023 but has since declined to 0.51 in Q4 2023.

The current ratio values below 1 indicate that Evergy may have difficulty in meeting its short-term liabilities with its current assets alone. This suggests a potential liquidity risk for the company. The downward trend in the current ratio over the past few quarters may raise concerns about Evergy's short-term financial health and ability to manage its current liabilities effectively.

It is important for Evergy to monitor its current ratio closely and take necessary actions to improve liquidity, such as increasing current assets or reducing current liabilities. Management should consider implementing strategies to enhance short-term liquidity and ensure the company's financial stability in the near term.