One Gas Inc (OGS)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 shown variability over the reporting periods. The quick ratio is calculated by dividing the company's liquid assets by its current liabilities, providing insight into its ability to cover its short-term obligations using its readily available assets.
From March 31, 2020, to June 30, 2023, the quick ratio remained consistently low, ranging between 0.00 to 0.80. This indicates potential liquidity concerns as the company may have struggled to meet its short-term obligations with its liquid assets during this period.
However, starting in December 31, 2023, the quick ratio showed a notable improvement, reaching 0.03 and further increasing to 0.04 by December 31, 2024. This positive trend suggests that One Gas Inc was better able to cover its current liabilities with its liquid assets, reflecting improved liquidity and potentially a stronger financial position.
Overall, while the quick ratio of One Gas Inc has been historically low, the recent upward trend indicates progress in enhancing the company's short-term liquidity position. It is essential for investors and stakeholders to continue monitoring this ratio to assess the company's ability to meet its financial obligations in the short term.
Peer comparison
Dec 31, 2024