One Gas Inc (OGS)

Current 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
Total current assets US$ in thousands 929,881 690,502 600,225 663,695 765,204 564,365 587,289 788,469 1,217,610 958,426 2,148,870 2,274,470 2,224,560 752,890 603,711 1,158,670 539,869 369,704 347,389 407,667
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
Current ratio 0.64 0.50 0.41 0.47 0.52 0.36 0.40 0.51 1.02 0.87 0.92 0.96 2.27 1.05 1.63 1.32 0.68 0.64 0.71 0.53

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 shown fluctuations over the past few years. Starting at a low of 0.53 on March 31, 2020, the ratio improved to 2.27 by December 31, 2021, indicating a significant increase in short-term liquidity. However, the ratio declined to 0.36 on September 30, 2023, reflecting potential liquidity challenges. The current ratio recovered slightly to 0.64 by December 31, 2024, but it remains below the ideal level of 1. Overall, the current ratio trend suggests varying levels of liquidity management efficiency within the company during the period analyzed.