Knife River Corporation (KNF)
Current ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 987,668 | 1,159,640 | 949,687 | 817,759 | 913,500 | 1,011,380 | 958,300 | 639,158 | 813,693 |
| Total current liabilities | US$ in thousands | 370,037 | 426,103 | 378,309 | 297,230 | 347,300 | 424,967 | 384,400 | 473,155 | 286,006 |
| Current ratio | 2.67 | 2.72 | 2.51 | 2.75 | 2.63 | 2.38 | 2.49 | 1.35 | 2.85 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $987,668K ÷ $370,037K
= 2.67
Knife River Corporation's current ratio has shown some fluctuations over the past few quarters, ranging from a low of 1.35 in March 31, 2023, to a high of 2.85 in December 31, 2022. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
A current ratio above 1 indicates that Knife River Corporation has more current assets than current liabilities, suggesting it has the ability to meet its short-term obligations.
In the most recent quarter, December 31, 2024, the current ratio stands at 2.67, indicating a healthy financial position for the company. Overall, Knife River Corporation's current ratio seems to be within a reasonable range, showing the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024