SJW Corporation (SJW)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	198,389	158,386	134,085	127,331	122,046
Total current liabilities	US$ in thousands	342,974	268,322	203,271	350,795	234,567
Current ratio		0.58	0.59	0.66	0.36	0.52

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $198,389K ÷ $342,974K
= 0.58

The current ratio of SJW Group has exhibited fluctuations over the past five years. In 2023 and 2022, the ratio remained consistent at 0.58, indicating that for every dollar of current liabilities, the company had $0.58 of current assets available to cover these obligations.

In 2021, the current ratio improved to 0.66, suggesting a healthier liquidity position compared to the previous years. However, this improvement was followed by a significant decline in 2020 to 0.36, indicating a potential liquidity strain as current assets failed to sufficiently cover current liabilities during that year.

The current ratio then rebounded in 2019 to 0.52, showing a slight improvement from 2020 but still indicating a lower liquidity position compared to 2021.

Overall, the trend in the current ratio of SJW Group reflects varying levels of liquidity and ability to meet short-term obligations over the years, with a need for continuous monitoring to ensure adequate liquidity management.