Northwest Natural Gas Co (NWN)

Current 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
Total current assets	US$ in thousands	557,774	408,850	423,120	537,714	601,440	507,440	457,857	576,173	744,213	481,771	357,994	391,365	437,276	358,179	273,841	302,792	323,245	242,848	316,436	720,267
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
Current ratio		0.86	0.83	0.97	1.15	0.86	0.86	0.80	0.89	0.83	0.94	0.66	0.59	0.60	0.49	0.48	0.52	0.52	0.44	0.65	0.90

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $557,774K ÷ $649,017K
= 0.86

The current ratio of Northwest Natural Gas Co has exhibited fluctuations over the past few years, indicating varying levels of liquidity and ability to meet its short-term obligations.

In the most recent quarter, as of December 31, 2024, the current ratio stood at 0.86. This suggests that the company had $0.86 in current assets for every $1 of current liabilities, indicating a slight improvement in short-term liquidity compared to the previous quarter.

Analyzing the trend further, we observe that the current ratio has experienced ups and downs but generally remained below 1 in recent quarters until the most recent period. A current ratio below 1 typically implies that the company may have difficulty meeting its short-term obligations with its current assets alone.

The significant increase in the current ratio to 1.15 as of March 31, 2024, and subsequently to 0.97 as of June 30, 2024, followed by a decrease to 0.83 by September 30, 2024, and remaining stable at 0.86 by December 31, 2024, suggests some variability in the company's liquidity position during that period.

Overall, while the current ratio of 0.86 as of December 31, 2024, indicates a slight improvement in short-term liquidity, investors and stakeholders may want to monitor future quarterly results to assess the company's ability to efficiently manage its current assets and liabilities in meeting its short-term financial obligations.