PPL Corporation (PPL)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	2,932,000	2,754,000	2,725,000	3,038,000	2,824,000	2,720,000	2,301,000	5,713,000	5,007,000	6,137,000	9,018,000	20,327,000	20,900,000	2,695,000	3,268,000	2,956,000	2,767,000	2,534,000	2,231,000	2,429,000
Total current liabilities	US$ in thousands	3,340,000	2,879,000	2,505,000	2,480,000	3,789,000	3,315,000	3,726,000	3,033,000	2,323,000	2,343,000	4,172,000	15,623,000	15,055,000	5,442,000	5,168,000	5,322,000	4,900,000	3,840,000	4,063,000	4,061,000
Current ratio		0.88	0.96	1.09	1.22	0.75	0.82	0.62	1.88	2.16	2.62	2.16	1.30	1.39	0.50	0.63	0.56	0.56	0.66	0.55	0.60

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,932,000K ÷ $3,340,000K
= 0.88

PPL Corp's current ratio has shown significant fluctuations over the past eight quarters, ranging from a low of 0.62 in Q2 2022 to a high of 1.88 in Q1 2022. The current ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio below 1 suggests potential liquidity issues, as current liabilities exceed current assets. PPL Corp's current ratio has been below 1 for most of the quarters, indicating a potential risk in meeting short-term obligations. Though the current ratio improved in Q4 2023 compared to the previous quarter, it remains below the desirable level of 1.5. Further analysis of the company's current assets and liabilities is recommended to assess its overall liquidity position accurately and identify any trends impacting its financial stability.