SJW Group Common Stock (SJW)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	1,306	9,723	12,344	10,908	5,269
Short-term investments	US$ in thousands	—	-13,156	—	57,632	14,367
Total current liabilities	US$ in thousands	27,658	342,974	264,650	203,271	350,795
Cash ratio		0.05	-0.01	0.05	0.34	0.06

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,306K + $—K) ÷ $27,658K
= 0.05

Based on the data provided, the cash ratio of SJW Group Common Stock has exhibited fluctuations over the past five years.

As of December 31, 2020, the cash ratio stood at 0.06, indicating that for every dollar of current liabilities, the company had $0.06 of cash available to cover those obligations.

By December 31, 2021, the cash ratio improved significantly to 0.34, suggesting a stronger liquidity position compared to the previous year. This indicates that the company had a higher proportion of cash reserves relative to its current liabilities.

However, by December 31, 2022, the cash ratio decreased to 0.05, signaling a potential decrease in the company's liquidity compared to the prior year.

The cash ratio further decreased to -0.01 by December 31, 2023, which may raise concerns about the company's ability to meet its short-term obligations with its available cash resources.

Finally, as of December 31, 2024, the cash ratio improved slightly to 0.05, but it remained relatively low compared to the previous years, indicating that the company may still have limited cash reserves relative to its current liabilities.

Overall, the fluctuating cash ratio of SJW Group Common Stock over the five-year period suggests varying levels of liquidity and potential changes in the company's ability to meet its short-term financial obligations with its available cash resources. These fluctuations may reflect changes in the company's cash management practices, investment activities, or operating performance during the respective years.