One Gas Inc (OGS)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	929,881	765,204	1,217,610	2,224,560	539,869
Total current liabilities	US$ in thousands	1,458,280	1,477,220	1,189,420	980,493	797,079
Current ratio		0.64	0.52	1.02	2.27	0.68

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $929,881K ÷ $1,458,280K
= 0.64

The current ratio of One Gas Inc has fluctuated over the past five years, standing at 0.68 as of December 31, 2020, increasing to 2.27 by the end of 2021, then declining to 1.02 by the end of 2022, further dropping to 0.52 by the end of 2023, and finally slightly improving to 0.64 by the end of 2024. These changes indicate variability in the company's short-term liquidity position. It is important to note that a current ratio below 1 suggests potential difficulties in meeting short-term obligations with current assets alone, while a ratio significantly above 1 indicates a strong ability to cover short-term liabilities.