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.