MDU Resources Group Inc (MDU)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 666,259 | 1,363,720 | 2,011,750 | 1,550,940 | 1,337,350 |
| Total current liabilities | US$ in thousands | 678,598 | 1,075,730 | 1,479,600 | 1,092,240 | 963,522 |
| Current ratio | 0.98 | 1.27 | 1.36 | 1.42 | 1.39 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $666,259K ÷ $678,598K
= 0.98
The current ratio of MDU Resources Group Inc has shown a fluctuating trend over the past five years. Starting at 1.39 in 2020, the ratio increased slightly to 1.42 in 2021 before decreasing to 1.36 in 2022. Subsequently, there was a more noticeable decrease in the current ratio to 1.27 in 2023, followed by a significant drop to 0.98 in 2024.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a good sign of short-term liquidity. However, a declining current ratio over the years could suggest potential difficulties in meeting short-term financial obligations with available current assets. This downward trend warrants further investigation into the company's liquidity management and potential risk factors that may be impacting its ability to cover immediate liabilities.
Investors and stakeholders should closely monitor MDU Resources Group Inc's current ratio and assess the company's ability to maintain sufficient liquidity to support its ongoing operations and financial health.
Peer comparison
Dec 31, 2024