SJW Corporation (SJW)

Quick 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
Cash	US$ in thousands	9,723	21,067	25,474	23,333	12,344	13,190	12,049	17,487	10,908	14,019	25,442	11,406	5,269	20,211	23,317	28,273	12,944	424,702	421,849	419,663
Short-term investments	US$ in thousands	—	—	—	—	—	14,438	15,011	15,866	57,632	15,289	15,163	14,367	14,367	13,629	—	—	—	—	—	—
Receivables	US$ in thousands	121,097	137,008	113,914	102,050	110,454	124,742	110,718	97,918	102,460	115,698	103,863	88,326	96,051	111,620	102,321	73,742	79,240	68,884	59,606	42,238
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
Quick ratio		0.38	0.51	0.59	0.59	0.46	0.48	0.50	0.60	0.84	0.54	0.53	0.39	0.33	0.48	0.49	0.43	0.39	3.42	3.79	5.33

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($9,723K + $—K + $121,097K) ÷ $342,974K
= 0.38

The quick ratio of SJW Group has displayed fluctuations over the past eight quarters, ranging from a low of 0.46 in Q4 2023 to a high of 0.91 in Q1 2023. Generally, a higher quick ratio indicates better liquidity and the company's ability to cover its short-term liabilities with its most liquid assets.

In the most recent quarters, the quick ratio has been below 1, indicating that the company may have difficulties in meeting its short-term obligations using only its liquid assets. However, the quick ratio has shown some improvement compared to the previous quarters, with Q3 and Q2 of 2023 showing ratios of 0.61 and 0.67, respectively.

It is important for investors and stakeholders to monitor the trend of the quick ratio over time to assess the company's liquidity position and its ability to withstand short-term financial challenges. Further analysis of the company's cash flows and working capital management practices would provide a more comprehensive view of its overall financial health.