OGE Energy Corporation (OGE)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	771,500	1,340,800	613,600	428,500	430,200
Total current liabilities	US$ in thousands	1,179,200	1,802,200	1,089,600	697,400	657,900
Current ratio		0.65	0.74	0.56	0.61	0.65

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $771,500K ÷ $1,179,200K
= 0.65

The current ratio of Oge Energy Corp. has fluctuated over the past five years, ranging from 0.56 to 0.74. The ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger ability to meet short-term obligations.

In 2021, the current ratio was relatively low at 0.56, suggesting potential liquidity challenges in meeting short-term obligations. However, there was an improvement in 2022 with a ratio of 0.74, indicating a better position to cover current liabilities.

The ratio decreased again in 2023 to 0.65, although it remains higher than in 2021. This indicates that Oge Energy Corp. may still have room for improvement in managing its short-term liquidity position. Overall, the company's current ratio has shown some variability, and continued monitoring of liquidity management strategies may be beneficial to ensure financial health and stability.