Northwest Natural Gas Co (NWN)

Cash 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
Cash and cash equivalents US$ in thousands 38,490 35,047 81,039 89,258 49,599 156,616 137,759 140,821 29,270 108,556 17,209 24,325 18,559 19,502 20,084 17,907 30,168 35,926 137,057 471,079
Short-term investments US$ in thousands — — -15,847 5,746 11,380 23,454 12,423 8,507 194,412 62,710 -48,735 84,438 48,130 105,175 46,168 19,914 — — 13,646 14,351
Total current liabilities US$ in thousands 649,017 494,002 435,540 468,344 696,878 590,057 570,933 644,080 898,734 511,356 539,298 658,267 724,765 734,965 572,473 585,665 627,083 551,296 486,902 798,870
Cash ratio 0.06 0.07 0.15 0.20 0.09 0.31 0.26 0.23 0.25 0.33 -0.06 0.17 0.09 0.17 0.12 0.06 0.05 0.07 0.31 0.61

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($38,490K + $—K) ÷ $649,017K
= 0.06

The cash ratio of Northwest Natural Gas Co has fluctuated over the past few years, indicating the company's ability to cover its short-term liabilities with its cash and cash equivalents.

The ratio was 0.61 as of March 31, 2020, demonstrating a comfortable cushion of liquid assets compared to current liabilities. However, the ratio decreased significantly to 0.05 by December 31, 2020, suggesting a potential liquidity strain.

Subsequently, there were fluctuations in the cash ratio, with improvements seen in the following periods such as March 31, 2021, and June 30, 2021. However, the ratio dipped again to 0.06 by December 31, 2021.

There was a notable improvement in the cash ratio to 0.33 as of September 30, 2022, indicating a healthier liquidity position for the company. The ratio continued to remain relatively stable above 0.20 until September 30, 2023.

By the end of December 31, 2024, the cash ratio decreased to 0.06, suggesting a potential decrease in the company's ability to cover its short-term obligations with its available cash and cash equivalents.

Overall, the cash ratio of the company has shown fluctuations over the periods, indicating variations in its liquidity position and the need for monitoring its ability to meet short-term financial responsibilities.