MDU Resources Group Inc (MDU)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 76,975 | 32,493 | 50,780 | 93,189 | 70,428 | 57,859 | 53,663 | 64,904 | 54,161 | 57,241 | 57,946 | 55,094 | 59,547 | 66,070 | 64,358 | 116,526 | 66,459 | 67,000 | 71,966 | 49,721 |
| Short-term investments | US$ in thousands | — | 276,213 | 246,063 | — | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 942,782 | 893,019 | 934,173 | 1,291,950 | 1,064,340 | 850,137 | 760,696 | 948,024 | 946,741 | 979,862 | 903,831 | 784,582 | 873,986 | 1,009,430 | 920,824 | 835,468 | 836,605 | 968,279 | 890,579 | 722,152 |
| 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 |
| Quick ratio | 0.95 | 1.02 | 1.09 | 0.85 | 0.77 | 0.62 | 0.59 | 0.87 | 0.92 | 0.97 | 1.02 | 0.93 | 0.97 | 1.01 | 0.99 | 1.15 | 1.04 | 1.00 | 1.05 | 0.73 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($76,975K
+ $—K
+ $942,782K)
÷ $1,075,730K
= 0.95
The quick ratio, also known as the acid-test ratio, is a measure of a company's ability to pay off its current liabilities with its most liquid assets. It is calculated by dividing the sum of cash, cash equivalents, and accounts receivable by current liabilities.
In the case of MDU Resources Group Inc, the quick ratio has fluctuated over the past eight quarters, ranging from a low of 1.02 in Q1 2022 to a high of 1.31 in Q2 2023. Generally, a quick ratio above 1 indicates that a company has enough liquid assets to cover its short-term liabilities, which is a positive signal for creditors and investors.
The trend of MDU Resources Group Inc's quick ratio shows some volatility, with fluctuations from quarter to quarter. Despite this, the company has maintained a quick ratio above 1 in all quarters, indicating a relatively strong ability to meet its short-term obligations with its liquid assets.
Overall, the quick ratio of MDU Resources Group Inc suggests that the company has a reasonable level of liquidity and should be able to cover its short-term liabilities without facing significant financial strain. However, it is important to continue monitoring changes in the quick ratio over time to ensure the company's financial health and stability.
Peer comparison
Dec 31, 2023