Northwest Natural Gas Co (NWN)

Cash 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
Cash and cash equivalents US$ in thousands 32,920 156,616 137,759 140,821 29,270 108,556 17,209 24,325 18,559 19,502 20,084 17,907 30,168 35,926 137,057 471,079 9,648 10,522
Short-term investments US$ in thousands 11,380 23,454 12,423 8,507 194,412 62,710 60,652 — — — — — — — 13,646 14,351 15,278 16,392
Total current liabilities US$ in thousands 696,878 590,057 570,933 644,080 898,734 511,356 539,298 658,267 724,765 734,965 572,473 585,665 627,083 551,296 486,902 798,870 482,173 358,408
Cash ratio 0.06 0.31 0.26 0.23 0.25 0.33 0.14 0.04 0.03 0.03 0.04 0.03 0.05 0.07 0.31 0.61 0.05 0.08

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($32,920K + $11,380K) ÷ $696,878K
= 0.06

The cash ratio of Northwest Natural Holding Co has exhibited fluctuations over the past eight quarters. The ratio ranged from a low of 0.33 in Q1 2022 to a high of 0.62 in Q3 2022. Overall, the cash ratio shows a general upward trend in the recent quarters, indicating an improvement in the company's ability to cover its short-term liabilities with cash and cash equivalents. However, the ratio dipped in Q4 2023 to 0.41, signaling a slight decrease in the company's liquidity position compared to the previous quarter. It is important for investors and analysts to monitor this ratio to assess the company's liquidity and ability to meet its financial obligations in the short term.