One Gas Inc (OGS)
Cash 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 and cash equivalents | US$ in thousands | 57,995 | 18,797 | 32,466 | 21,472 | 39,387 | 9,192 | 7,332 | 7,809 | 9,681 | 10,366 | 7,385 | 12,447 | 8,852 | 6,467 | 209,070 | 704,911 | 7,993 | 6,184 | 10,454 | 11,069 |
| Short-term investments | US$ in thousands | — | -9,961 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,458,280 | 1,387,610 | 1,456,970 | 1,403,520 | 1,477,220 | 1,571,700 | 1,454,090 | 1,542,280 | 1,189,420 | 1,104,660 | 2,328,280 | 2,368,770 | 980,493 | 720,136 | 369,305 | 879,036 | 797,079 | 575,714 | 490,755 | 776,153 |
| Cash ratio | 0.04 | 0.01 | 0.02 | 0.02 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.01 | 0.57 | 0.80 | 0.01 | 0.01 | 0.02 | 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 shown fluctuations over the past years. The cash ratio measures the company's ability to cover its short-term liabilities using only its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
From March 31, 2020, to June 30, 2020, the cash ratio increased from 0.01 to 0.02, indicating a slight improvement in liquidity. However, the ratio dropped back to 0.01 by September 30, 2020.
A notable increase in the cash ratio occurred on March 31, 2021, when it surged to 0.80, reflecting a significant increase in cash reserves relative to short-term liabilities. The ratio remained relatively high in the following quarters, with values of 0.57 on June 30, 2021, and 0.01 on September 30, 2021.
From December 31, 2021, to December 31, 2022, the cash ratio remained stable at 0.01, indicating that the company's cash position was consistently able to cover a minimal portion of its short-term obligations during this period.
The cash ratio increased to 0.03 on December 31, 2023, and further to 0.04 on December 31, 2024. These increments suggest an improvement in liquidity, indicating that the company had accumulated more cash reserves relative to its short-term liabilities at the end of those years.
Overall, although the company experienced fluctuations in its cash ratio, it generally maintained a conservative approach to liquidity management, ensuring it had sufficient cash resources to cover its short-term obligations.
Peer comparison
Dec 31, 2024