National Fuel Gas Company (NFG)

Current ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Total current assets	US$ in thousands	355,919	414,428	761,131	522,449	314,198
Total current liabilities	US$ in thousands	1,095,890	806,312	1,942,570	1,236,130	459,573
Current ratio		0.32	0.51	0.39	0.42	0.68

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $355,919K ÷ $1,095,890K
= 0.32

The current ratio of National Fuel Gas Company has been fluctuating over the past five years. In 2024, the current ratio decreased to 0.32 from 0.51 in 2023. This indicates that for every dollar of current liabilities, the company had $0.32 of current assets available to cover those obligations. The downward trend in the current ratio suggests potential liquidity challenges for the company in meeting its short-term financial commitments. It is worth monitoring to see if the company takes steps to improve its liquidity position in the future.