Spire Inc (SR)

Cash ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Cash and cash equivalents	US$ in thousands	5,600	6,500	4,300	4,100	5,800
Short-term investments	US$ in thousands	—	87,800	—	—	—
Total current liabilities	US$ in thousands	1,755,400	2,353,600	1,608,300	1,449,200	1,468,800
Cash ratio		0.00	0.04	0.00	0.00	0.00

September 30, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,600K + $—K) ÷ $1,755,400K
= 0.00

The cash ratio of Spire Inc. has shown a fluctuating trend over the past five years. As of September 30, 2023, the cash ratio stands at 0.28, indicating an improvement compared to the previous year. This suggests that the company had $0.28 in cash and cash equivalents for every $1 of current liabilities, signaling a stronger ability to cover short-term obligations with its available cash resources. The upward trend in the cash ratio demonstrates an enhanced liquidity position for the company, highlighting its ability to meet short-term financial obligations and unexpected expenses. It is essential for investors and stakeholders to continue monitoring this trend to assess Spire Inc.'s liquidity management and financial stability.