MDU Resources Group Inc (MDU)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	1,363,720	1,515,010	1,544,830	2,108,710	2,011,750	2,024,290	1,849,070	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	1,297,700	1,461,820	1,444,810	1,235,230
Total current liabilities	US$ in thousands	1,075,730	1,173,660	1,131,760	1,636,330	1,479,600	1,468,300	1,370,510	1,166,730	1,092,240	1,072,920	944,360	900,037	963,522	1,066,990	999,719	824,479	866,427	1,033,680	912,602	1,062,780
Current ratio		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	1.50	1.41	1.58	1.16

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,363,720K ÷ $1,075,730K
= 1.27

MDU Resources Group Inc's current ratio has been relatively stable over the past eight quarters, ranging from 1.27 to 1.38. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.

Having a current ratio above 1 indicates that MDU Resources Group Inc has sufficient current assets to cover its current liabilities. A higher current ratio suggests a stronger liquidity position.

The slight fluctuations in the current ratio over the quarters may indicate variations in the company's liquidity position, potentially influenced by changes in current assets, current liabilities, or both. Despite these fluctuations, the current ratios for MDU Resources Group Inc have generally remained above 1, demonstrating the company's ability to meet its short-term obligations.

Overall, the trend in MDU Resources Group Inc's current ratio suggests a stable liquidity position, with the company maintaining an adequate level of current assets relative to its current liabilities.