PPL Corporation (PPL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,932,000 | 2,824,000 | 5,007,000 | 20,900,000 | 2,767,000 |
| Total current liabilities | US$ in thousands | 3,340,000 | 3,789,000 | 2,323,000 | 15,055,000 | 4,900,000 |
| Current ratio | 0.88 | 0.75 | 2.16 | 1.39 | 0.56 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,932,000K ÷ $3,340,000K
= 0.88
The current ratio of PPL Corp has fluctuated over the past five years, with values ranging from 0.46 to 2.16. The ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 suggests that the company may have difficulties in meeting its short-term obligations using its current assets alone. The current ratio of 0.88 as of December 31, 2023, indicates that PPL Corp may have some challenges in fully covering its current liabilities with its current assets. It is worth noting that understanding the composition of current assets and liabilities is important to fully assess the company's liquidity position. Further analysis is recommended to better understand the dynamics impacting PPL Corp's current ratio over the years.
Peer comparison
Dec 31, 2023