Northwest Natural Gas Co (NWN)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	9,287	601,440	744,213	437,276	323,245
Total current liabilities	US$ in thousands	60,575	696,878	898,734	724,765	627,083
Current ratio		0.15	0.86	0.83	0.60	0.52

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $9,287K ÷ $60,575K
= 0.15

The current ratio of Northwest Natural Gas Co has shown a fluctuating trend over the past five years, starting at a relatively low 0.52 on December 31, 2020, and gradually increasing to 0.86 by December 31, 2023. This indicates an improvement in the company's short-term liquidity position over the period. However, there was a significant decrease in the current ratio to 0.15 by December 31, 2024, suggesting potential liquidity challenges or issues with current assets and liabilities management. It would be essential for the company to closely monitor and address the factors contributing to this decline to ensure sufficient working capital for meeting its short-term financial obligations.