Murphy USA Inc (MUSA)

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	748,100	689,100	820,100	767,700	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
Total current liabilities	US$ in thousands	947,900	858,800	970,700	884,700	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
Current ratio		0.79	0.80	0.84	0.87	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $748,100K ÷ $947,900K
= 0.79

The current ratio of Murphy USA Inc has experienced fluctuations over the years, ranging from a low of 0.79 as of December 31, 2024, to a high of 1.52 on June 30, 2020. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.

The trend in the current ratio shows a decline from 2020 to 2024, indicating potential challenges in managing short-term liquidity and meeting current obligations. A declining current ratio could be a cause for concern as it may signal difficulties in generating sufficient cash flow or managing working capital efficiently.

It is important for investors and stakeholders to monitor the current ratio over time to assess the company's liquidity position and its ability to weather financial challenges. Management should focus on maintaining a healthy balance between current assets and liabilities to ensure the company's financial stability and operational continuity.