Knife River Corporation (KNF)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 281,134 | 262,320 | 221,294 | 13,848 | — |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 370,037 | 347,271 | 286,006 | 357,201 | — |
| Quick ratio | 0.76 | 0.76 | 0.77 | 0.04 | — |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($281,134K
+ $—K
+ $—K)
÷ $370,037K
= 0.76
The quick ratio of Knife River Corporation has shown significant fluctuations over the years. It was not calculable in 2020 but sharply increased to 0.04 in 2021. Subsequently, there was a notable improvement in liquidity as the quick ratio rose to 0.77 in 2022. However, in the following years, there has been relative stability, with the quick ratio remaining at 0.76 in both 2023 and 2024. Despite the variability, the quick ratio indicates that Knife River Corporation has generally maintained a satisfactory level of short-term liquidity to cover immediate financial obligations.
Peer comparison
Dec 31, 2024