Murphy USA Inc (MUSA)

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	826,500	840,300	763,200	711,300	726,800	763,200	882,300	910,800	767,800	826,600	764,700	793,400	625,200	743,200	840,300	602,600	710,800	664,900	656,300	612,900
Total current liabilities	US$ in thousands	872,800	827,200	815,300	772,000	854,200	755,500	852,700	840,800	675,300	718,900	696,400	675,000	531,100	513,400	553,700	457,900	505,000	516,900	578,800	533,300
Current ratio		0.95	1.02	0.94	0.92	0.85	1.01	1.03	1.08	1.14	1.15	1.10	1.18	1.18	1.45	1.52	1.32	1.41	1.29	1.13	1.15

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $826,500K ÷ $872,800K
= 0.95

Murphy USA Inc's current ratio has been fluctuating over the past eight quarters, ranging from as low as 0.85 to as high as 1.08. The current ratio for Q4 2023 stands at 0.95, indicating that the company may have slightly less in current assets to cover its current liabilities. While the current ratio exceeded 1.0 in some quarters, suggesting a stronger ability to meet short-term obligations, it dipped below 1.0 in others, implying potential liquidity constraints. Overall, the trend in the current ratio for Murphy USA Inc shows variability in the company's liquidity position, underscoring the importance of monitoring its ability to meet short-term financial obligations.