SJW Corporation (SJW)

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	198,389	228,771	201,433	193,848	158,386	157,900	138,792	137,935	134,085	155,513	146,858	123,467	127,331	154,902	145,543	128,818	122,046	507,814	503,919	488,456
Total current liabilities	US$ in thousands	342,974	308,116	237,954	212,965	268,322	318,710	277,829	217,853	203,271	267,285	274,431	289,735	350,795	305,398	257,966	238,404	234,567	144,307	127,058	86,688
Current ratio		0.58	0.74	0.85	0.91	0.59	0.50	0.50	0.63	0.66	0.58	0.54	0.43	0.36	0.51	0.56	0.54	0.52	3.52	3.97	5.63

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 shown fluctuations in recent quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates stronger short-term liquidity and financial health.

In Q4 2023, the current ratio was 0.58, indicating that SJW Group may have limited short-term liquidity to cover its current liabilities. This ratio improved from the previous quarter (Q3 2023) where it was 0.74, but is still relatively low.

Comparing to the same quarter in the previous year (Q4 2022), the current ratio remained the same at 0.58. This suggests a consistent liquidity position year over year.

It is important to note the trend in the current ratio over multiple periods to assess the company's liquidity position effectively. SJW Group should aim to maintain a current ratio above 1.0 to ensure it can easily cover its short-term obligations. Further analysis of the components of current assets and liabilities would provide more insights into the company's liquidity management.