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