OGE Energy Corporation (OGE)

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	771,500	905,100	951,100	1,401,100	1,340,800	1,712,800	1,703,700	657,400	613,600	627,000	484,600	502,700	428,500	488,500	499,000	522,500	430,200	549,100	455,600	454,100
Total current liabilities	US$ in thousands	1,179,200	1,107,500	1,127,200	1,665,900	1,802,200	1,876,000	2,125,400	1,342,800	1,089,600	993,900	911,300	1,836,500	697,400	517,400	594,600	855,200	657,900	696,600	702,700	884,200
Current ratio		0.65	0.82	0.84	0.84	0.74	0.91	0.80	0.49	0.56	0.63	0.53	0.27	0.61	0.94	0.84	0.61	0.65	0.79	0.65	0.51

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 eight quarters, ranging from a low of 0.49 in Q1 2022 to a high of 0.91 in Q3 2022. The current ratio measures a company's ability to cover its short-term obligations with its current assets, with a higher ratio indicating greater liquidity.

In the most recent quarter, Q4 2023, the current ratio was 0.65, showing a decrease from the previous quarter. This suggests that Oge Energy Corp. may have struggled to meet its short-term obligations with its current assets during this period.

Overall, the trend in the current ratio over the last two years has shown some volatility, indicating potential fluctuations in the company's liquidity position. It is important for Oge Energy Corp. to closely monitor and manage its current assets and liabilities to ensure it can meet its short-term financial obligations effectively.