OGE Energy Corporation (OGE)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 895,100 771,500 1,340,800 613,600 428,500
Total current liabilities US$ in thousands 1,229,800 1,179,200 1,802,200 1,089,600 697,400
Current ratio 0.73 0.65 0.74 0.56 0.61

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $895,100K ÷ $1,229,800K
= 0.73

The current ratio of OGE Energy Corporation has fluctuated over the past five years. As of December 31, 2020, the current ratio was 0.61, indicating that the company's current assets were lower than its current liabilities. Subsequently, by December 31, 2021, the current ratio decreased to 0.56, suggesting a further weakening of OGE Energy Corporation's liquidity position.

However, there was an improvement by December 31, 2022, where the current ratio increased to 0.74, demonstrating that the company had a better ability to cover its short-term obligations with its current assets. This positive trend was followed by a slight drop in the current ratio to 0.65 by December 31, 2023.

By the end of the most recent year, December 31, 2024, the current ratio stood at 0.73, indicating that OGE Energy Corporation's liquidity position had improved slightly compared to the previous year but was still below the ideal ratio of 1.

In conclusion, although there have been fluctuations in the current ratio of OGE Energy Corporation over the years, the company should aim to continually monitor and improve its liquidity position to ensure it can meet its short-term obligations effectively.