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.


Peer comparison

Dec 31, 2023