One Gas Inc (OGS)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 57,995 | 39,387 | 9,681 | 8,852 | 7,993 |
| Short-term investments | US$ in thousands | — | -20,552 | — | — | — |
| Total current liabilities | US$ in thousands | 1,458,280 | 1,477,220 | 1,189,420 | 980,493 | 797,079 |
| Cash ratio | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($57,995K
+ $—K)
÷ $1,458,280K
= 0.04
The cash ratio of One Gas Inc has remained constant at 0.01 from December 31, 2020, to December 31, 2023. However, there was a significant increase to 0.04 on December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A cash ratio of 0.01 indicates that for every dollar of current liabilities, One Gas Inc only holds 1 cent in cash and cash equivalents, reflecting a relatively lower liquidity position. The notable increase in the cash ratio to 0.04 on December 31, 2024, suggests an improvement in the company's liquidity position, indicating a higher capacity to meet its short-term obligations with available cash.
Peer comparison
Dec 31, 2024