Northwest Natural Gas Co (NWN)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	601,440	744,213	437,276	323,245	293,692
Total current liabilities	US$ in thousands	696,878	898,734	724,765	627,083	482,173
Current ratio		0.86	0.83	0.60	0.52	0.61

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $601,440K ÷ $696,878K
= 0.86

The current ratio of Northwest Natural Holding Co has exhibited fluctuations over the past five years. The company's current ratio was 0.86 as of Dec 31, 2023, which indicates that the company had $0.86 in current assets to cover $1 of current liabilities. This represents an improvement compared to the prior year's ratio of 0.83.

The trend in the current ratio over the period shows some variability, with a notable increase from 0.52 in 2020 to 0.60 in 2021, followed by a slight decline in 2022. The ratio then increased again in 2023, suggesting a strengthening position in terms of liquidity and ability to meet short-term obligations.

While the current ratio is currently below 1, indicating that the company may have some difficulties in covering its short-term obligations solely with current assets, the upward trend observed in recent years is a positive sign. It is important for investors and stakeholders to monitor this ratio over time to assess the company's liquidity position and financial health.