One Gas Inc (OGS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 57,995 | 39,387 | 9,681 | 8,852 | 7,993 |
| Short-term investments | US$ in thousands | — | -20,552 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,458,280 | 1,477,220 | 1,189,420 | 980,493 | 797,079 |
| Quick ratio | 0.04 | 0.01 | 0.01 | 0.01 | 0.01 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($57,995K
+ $—K
+ $—K)
÷ $1,458,280K
= 0.04
The quick ratio of One Gas Inc has remained relatively stable at 0.01 from December 31, 2020, through December 31, 2023. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has been consistently low during this period. However, there was a notable increase to 0.04 as of December 31, 2024, suggesting a potential improvement in the company's short-term liquidity position. It is important for investors and creditors to monitor this ratio to assess One Gas Inc's ability to cover immediate financial obligations efficiently.
Peer comparison
Dec 31, 2024