Northwest Natural Gas Co (NWN)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($38,490K
+ $—K
+ $—K)
÷ $649,017K
= 0.06
The quick ratio of Northwest Natural Gas Co has fluctuated over the past few years. From March 31, 2020, to September 30, 2021, the quick ratio has shown a declining trend, indicating potential liquidity concerns as the company may have had difficulty meeting its short-term obligations with its most liquid assets. However, the ratio improved from March 31, 2022, to June 30, 2023, suggesting better short-term liquidity management.
It is important to note that the quick ratio dropped to a negative value on June 30, 2022, which may raise concerns about the company's ability to cover its current liabilities with its quick assets during that period. Overall, the quick ratio has been somewhat volatile, with fluctuations between 0.05 and 0.33, indicating varying levels of liquidity over the reporting periods. Further analysis should be conducted to understand the reasons behind these fluctuations and assess the company's overall financial health.
Peer comparison
Dec 31, 2024