MDU Resources Group Inc (MDU)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 50,204 | 104,016 | 94,438 | 89,296 | 48,875 | 32,493 | 50,780 | 93,189 | 80,517 | 74,620 | 65,394 | 64,904 | 54,161 | 57,241 | 57,946 | 55,094 | 59,547 | 66,070 | 64,358 | 116,526 |
| Short-term investments | US$ in thousands | — | 0 | 0 | — | — | 276,213 | 246,063 | — | 0 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.07 | 0.08 | 0.08 | 0.10 | 0.05 | 0.26 | 0.26 | 0.06 | 0.05 | 0.05 | 0.05 | 0.06 | 0.05 | 0.05 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.14 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($50,204K
+ $—K
+ $—K)
÷ $678,598K
= 0.07
The quick ratio of MDU Resources Group Inc has fluctuated over the period under consideration. The quick ratio, which measures the company's ability to meet its short-term liabilities with its most liquid assets, was extremely low at 0.14 on March 31, 2020, indicating possible liquidity concerns.
However, the quick ratio improved slightly to 0.06 by June 30, 2020, and remained relatively stable at this level for the following quarters of 2020 and into 2021. There was a slight decrease to 0.05 by September 30, 2021, and December 31, 2021, which may indicate a slight deterioration in the company's liquidity position.
Subsequently, the quick ratio increased to 0.06 by March 31, 2022, but declined again to 0.05 by June 30, 2022, and remained at this level for the following quarters of 2022 and 2023.
There was a significant spike in the quick ratio to 0.26 by June 30, 2023, which may suggest an improvement in the company's ability to cover its short-term obligations with its most liquid assets during that period. The quick ratio remained high at 0.26 by September 30, 2023, and decreased to 0.05 by December 31, 2023.
The quick ratio then improved to 0.10 by March 31, 2024, before decreasing slightly to 0.08 by June 30, 2024, and September 30, 2024. The quick ratio further declined to 0.07 by December 31, 2024, indicating a potential decrease in liquidity compared to the previous quarters.
Overall, the fluctuation in MDU Resources Group Inc's quick ratio over the period suggests varying levels of liquidity and the company's ability to meet its short-term obligations with its readily available assets. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's financial health and liquidity position accurately.
Peer comparison
Dec 31, 2024