Northwest Natural Gas Co (NWN)

Current 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	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	293,692	202,727	239,058	272,109
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	307,030	526,089
Current ratio		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	0.61	0.57	0.78	0.52

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 ranged between 0.59 to 0.94 over the past eight quarters. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone.

The lowest current ratio of 0.59 in Q1 2022 suggests potential liquidity concerns as the company had less current assets to cover its short-term liabilities at that time. This improved in the following quarters, with the ratio gradually increasing to reach a high of 0.94 in Q3 2022.

However, the current ratio decreased in the most recent quarter to 0.86, indicating a slight decline in the company's ability to cover its short-term liabilities with its current assets. It is important for investors and stakeholders to monitor this ratio closely to ensure that the company maintains sufficient liquidity for its operations.

Overall, the fluctuating current ratio of Northwest Natural Holding Co indicates varying levels of liquidity and highlights the importance of further analysis to assess the company's short-term financial health.