H2O America (HTO)

Quick 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
Cash US$ in thousands 19,849 23,696 11,114 3,967 22,804 4,542 9,723 21,067 25,474 23,333 12,344 13,190 12,049 17,487 10,908 14,019 25,442 11,406 5,269 20,211
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Receivables US$ in thousands 152,384 135,752 142,538 161,739 133,644 112,104 126,284 137,008 113,914 102,050 110,454 124,742 110,718 100,185 104,768 117,846 103,863 92,997 103,092 113,842
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
Quick ratio 0.55 0.54 0.59 0.68 0.45 0.36 0.40 0.51 0.59 0.59 0.46 0.43 0.44 0.54 0.57 0.49 0.47 0.36 0.31 0.44

June 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($19,849K + $—K + $152,384K) ÷ $314,234K
= 0.55

The quick ratio of H2O America has exhibited notable fluctuations over the analyzed period from September 2020 through June 2025. Starting at 0.44 in September 2020, the ratio experienced a gradual decline reaching its lowest point of 0.31 by December 2020, indicating a weakening liquidity position. Throughout 2021, the ratio exhibited a steady upward trend, culminating at 0.57 in December 2021, reflecting improved short-term liquidity and a better ability to meet immediate obligations without relying on inventory sales.

In 2022, the quick ratio maintained a relatively stable level near 0.54–0.44, suggesting consistent liquidity management during this period. Notably, the ratio reached a high of 0.59 in March 2023, indicating a significant improvement in liquidity. Following this peak, a slight decline to 0.40 was observed by the end of 2023, reverting somewhat to earlier levels, yet remaining above the initial values observed in 2020.

During 2024, the ratio oscillated between 0.36 and 0.68, with a marked peak of 0.68 in September 2024, which signals a notably strong liquidity position at that time. This was followed by a decrease to 0.59 by December 2024, and a modest decline to 0.54 in March 2025. The ratio then slightly increased again to 0.55 in June 2025.

Overall, the H2O America quick ratio has demonstrated variability within a range approximately between 0.31 and 0.68. The ratio values consistently remain below 1 throughout the period, indicating that at various points, the company's liquid assets were insufficient to fully cover its current liabilities, which may imply moderate liquidity risk. However, the upward trends observed in certain periods suggest periods of improved liquidity management, while fluctuations highlight ongoing variability in the company’s short-term financial health.