H2O America (HTO)

Current ratio

Jun 30, 2025 Mar 31, 2025 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
Total current assets US$ in thousands 200,450 197,272 190,714 187,276 173,179 178,082 198,389 228,771 201,433 193,848 158,386 157,900 138,792 137,935 134,085 155,513 146,858 123,467 127,331 154,902
Total current liabilities US$ in thousands 314,234 296,679 261,173 244,049 350,133 323,260 342,974 308,116 237,954 212,965 268,322 318,710 277,829 217,853 203,271 267,285 274,431 289,735 350,795 305,398
Current ratio 0.64 0.66 0.73 0.77 0.49 0.55 0.58 0.74 0.85 0.91 0.59 0.50 0.50 0.63 0.66 0.58 0.54 0.43 0.36 0.51

June 30, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $200,450K ÷ $314,234K
= 0.64

The current ratio of H2O America over the analyzed period exhibits notable fluctuations with an overall trend towards stabilization after initial volatility. Starting at 0.51 on September 30, 2020, the ratio experienced a decline reaching a low of 0.36 by December 31, 2020. Subsequently, it demonstrated a gradual upward trajectory, reaching a peak of 0.91 on March 31, 2023, indicating improved liquidity position during this period. Following this peak, the ratio generally declined to 0.58 by December 31, 2023, before experiencing minor fluctuations and ending at 0.64 on June 30, 2025.

Throughout this timeframe, the current ratio has mostly remained below 1, which typically suggests that the company has had limited short-term liquidity relative to its current liabilities. The significant increase observed in March 2023 reflects a period of enhanced liquidity, possibly due to improved asset management, better working capital control, or one-time gains. Conversely, the decline post-March 2023 indicates a loosening of liquidity, though the ratio still remains above the lowest levels observed in 2020.

In summary, H2O America's current ratio demonstrates a pattern of initial liquidity constraints, followed by periods of improvement, and subsequent stabilization at levels below or near 1. This suggests ongoing challenges with short-term liquidity management, although recent figures indicate some recovery and relative stability.