National Fuel Gas Company (NFG)

Current ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Total current assets	US$ in thousands	414,428	761,131	522,449	314,198	362,623
Total current liabilities	US$ in thousands	806,312	1,942,570	1,236,130	459,573	421,908
Current ratio		0.51	0.39	0.42	0.68	0.86

September 30, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $414,428K ÷ $806,312K
= 0.51

The current ratio of National Fuel Gas Co. has exhibited a declining trend over the past five years. As of September 30, 2023, the current ratio stands at 0.51, which indicates a decrease from the previous year's 0.39. This downward trend raises concerns about the company's short-term liquidity and ability to meet its current liabilities using its current assets. A current ratio below 1 suggests that the company may potentially struggle to cover its short-term obligations with its existing current assets. It's essential for the company to closely monitor and manage its current assets and liabilities to improve its liquidity position and mitigate the risk of financial distress.