Knife River Corporation (KNF)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 913,543 | 1,011,380 | 958,326 | 639,158 |
| Total current liabilities | US$ in thousands | 347,271 | 424,967 | 384,356 | 473,155 |
| Current ratio | 2.63 | 2.38 | 2.49 | 1.35 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $913,543K ÷ $347,271K
= 2.63
The current ratio of Knife River Corporation has shown fluctuations over the past year, ranging from 1.35 to 2.63. A current ratio above 2 indicates that the company has more than twice as many current assets as current liabilities, suggesting a strong ability to cover its short-term obligations.
However, the fluctuation in the current ratio may indicate variability in the company's liquidity position. The significant increase in the current ratio from 1.35 in March 2023 to 2.63 in December 2023 suggests an improvement in the company's liquidity position and ability to meet short-term obligations.
Overall, the current ratio of Knife River Corporation appears to have improved over the year, indicating a positive trend in the company's liquidity and financial health.
Peer comparison
Dec 31, 2023