MGE Energy Inc (MGEE)
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 | 227,265 | 210,325 | 222,230 | 221,745 | 238,197 | 216,411 | 222,531 | 223,249 | 243,480 | 199,847 | 194,640 | 194,433 | 199,371 | 234,085 | 191,393 | 201,511 | 209,519 | 199,933 | 217,750 | 162,193 |
| Total current liabilities | US$ in thousands | 125,563 | 149,605 | 168,077 | 139,655 | 157,156 | 122,838 | 159,399 | 146,006 | 225,062 | 194,793 | 160,707 | 98,104 | 117,847 | 123,543 | 145,689 | 183,798 | 190,926 | 115,480 | 109,623 | 111,006 |
| Current ratio | 1.81 | 1.41 | 1.32 | 1.59 | 1.52 | 1.76 | 1.40 | 1.53 | 1.08 | 1.03 | 1.21 | 1.98 | 1.69 | 1.89 | 1.31 | 1.10 | 1.10 | 1.73 | 1.99 | 1.46 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $227,265K ÷ $125,563K
= 1.81
The current ratio of MGE Energy Inc has fluctuated over the past several quarters. It stood at 1.46 as of March 31, 2020, indicating that the company had $1.46 in current assets for every $1 in current liabilities. The ratio increased to 1.99 by June 30, 2020, reflecting a healthier liquidity position. Subsequently, the ratio decreased to 1.10 by December 31, 2020, signaling a potential liquidity strain.
There was no improvement as the ratio remained at 1.10 on March 31, 2021. The ratio then improved to 1.31 by June 30, 2021, and further increased to 1.89 by September 30, 2021, indicating a stronger ability to meet short-term obligations. However, by December 31, 2021, the ratio declined to 1.69, though it remained above 1, indicating some liquidity risk.
The trend continued as the ratio rose to 1.98 on March 31, 2022, reflecting improved liquidity. Subsequently, the ratio decreased to 1.21 by June 30, 2022, signaling a potential liquidity concern. The ratio dropped even further to 1.03 by September 30, 2022, further exacerbating liquidity challenges.
There was a slight improvement in liquidity as the ratio increased to 1.08 by December 31, 2022. The ratio continued to fluctuate in the following quarters, with values ranging from 1.40 to 1.81 until December 31, 2024. Overall, the company's current ratio has demonstrated volatility, with periods of strong liquidity followed by potential challenges in meeting short-term obligations.