MDU Resources Group Inc (MDU)
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 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 666,259 | 1,467,820 | 1,397,040 | 1,319,940 | 1,363,720 | 1,515,010 | 1,544,830 | 2,108,710 | 2,011,750 | 2,024,290 | 1,859,230 | 1,571,910 | 1,550,940 | 1,565,890 | 1,461,940 | 1,323,270 | 1,337,350 | 1,502,560 | 1,396,770 | 1,373,390 |
| Total current liabilities | US$ in thousands | 678,598 | 1,281,380 | 1,149,860 | 922,823 | 1,075,730 | 1,173,660 | 1,131,760 | 1,636,330 | 1,479,600 | 1,468,300 | 1,380,680 | 1,166,730 | 1,092,240 | 1,072,920 | 944,360 | 900,037 | 963,522 | 1,066,990 | 999,719 | 824,479 |
| Current ratio | 0.98 | 1.15 | 1.21 | 1.43 | 1.27 | 1.29 | 1.36 | 1.29 | 1.36 | 1.38 | 1.35 | 1.35 | 1.42 | 1.46 | 1.55 | 1.47 | 1.39 | 1.41 | 1.40 | 1.67 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $666,259K ÷ $678,598K
= 0.98
MDU Resources Group Inc's current ratio has shown fluctuating trends over the past few years. It decreased from 1.67 as of March 31, 2020, to 0.98 as of December 31, 2024. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A ratio above 1 indicates the company has more current assets than current liabilities, which is generally seen as a positive indicator of liquidity. While the current ratio for MDU Resources Group Inc has generally remained above 1 throughout the period, the decreasing trend observed raises concerns about the company's ability to meet its short-term obligations, particularly as the ratio dropped below 1 at the end of 2024. Further analysis and monitoring of the company's liquidity position and financial health would be warranted to assess the impact of the declining current ratio.
Peer comparison
Dec 31, 2024