MDU Resources Group Inc (MDU)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 66,904 | 48,875 | 80,517 | 54,161 | 59,547 |
| Short-term investments | US$ in thousands | — | — | 0 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 678,598 | 1,075,730 | 1,479,600 | 1,092,240 | 963,522 |
| Quick ratio | 0.10 | 0.05 | 0.05 | 0.05 | 0.06 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($66,904K
+ $—K
+ $—K)
÷ $678,598K
= 0.10
The quick ratio of MDU Resources Group Inc has exhibited fluctuations over the past five years. As of December 31, 2020, the quick ratio was 0.06, indicating that the company had $0.06 in liquid assets available to cover each dollar of current liabilities.
Over the subsequent years, the quick ratio slightly decreased to 0.05 by December 31, 2021, and remained at this level through December 31, 2022, and December 31, 2023. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has not significantly improved during this period.
However, by December 31, 2024, the quick ratio increased to 0.10, suggesting that MDU Resources Group Inc had strengthened its liquidity position compared to the prior years. This improvement indicates that the company had a higher proportion of liquid assets relative to current liabilities, potentially enhancing its ability to meet short-term financial obligations more comfortably.
Overall, the fluctuation in the quick ratio of MDU Resources Group Inc reflects changes in the company's liquidity position over the analyzed period, with a notable improvement by the end of 2024.
Peer comparison
Dec 31, 2024