NorthWestern Corporation (NWE)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | ||
|---|---|---|---|---|
| Cash | US$ in thousands | 4,283 | 2,527 | 6,398 |
| Short-term investments | US$ in thousands | — | 25,365 | — |
| Receivables | US$ in thousands | 282,964 | 144,186 | 149,500 |
| Total current liabilities | US$ in thousands | 802,200 | 813,266 | 699,810 |
| Quick ratio | 0.36 | 0.21 | 0.22 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,283K
+ $—K
+ $282,964K)
÷ $802,200K
= 0.36
The quick ratio of NorthWestern Corporation for the second quarter ended June 30, 2024, was 0.22, indicating that the company had $0.22 in liquid assets available to cover each dollar of current liabilities. The quick ratio decreased slightly to 0.21 for the following quarter ended September 30, 2024, suggesting a potential tightening of liquidity. However, by the fourth quarter ended December 31, 2024, the quick ratio improved to 0.36, showing an increase in the company's ability to meet its short-term obligations. Overall, the trend in the quick ratio indicates fluctuations in NorthWestern Corporation's liquidity position over the three quarters analyzed. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term obligations using only its liquid assets.
Peer comparison
Dec 31, 2024