Spire Inc (SR)

Cash ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	4,500	7,400	25,600	4,800	5,600	5,300	6,900	4,800	6,500	16,000	8,300	8,200	4,300	23,900	104,000	3,500	4,100	7,400	108,400	21,500
Short-term investments	US$ in thousands	1,070,600	1,030,000	—	—	731,100	—	—	93,500	87,800	90,500	89,000	90,400	—	540,000	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,703,900	1,709,800	1,650,300	2,210,500	1,755,400	1,530,400	1,406,900	2,404,700	2,353,600	1,749,900	1,395,800	1,720,700	1,608,300	1,291,800	1,507,500	1,546,700	1,449,200	1,107,800	1,152,500	1,252,500
Cash ratio		0.63	0.61	0.02	0.00	0.42	0.00	0.00	0.04	0.04	0.06	0.07	0.06	0.00	0.44	0.07	0.00	0.00	0.01	0.09	0.02

September 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,500K + $1,070,600K) ÷ $1,703,900K
= 0.63

The cash ratio of Spire Inc has displayed fluctuations over the past several quarters. As of September 30, 2024, the cash ratio stood at 0.63, indicating that the company had $0.63 in cash and cash equivalents for every dollar of current liabilities. This was a positive sign, suggesting that Spire Inc had a strong ability to cover its short-term obligations using its available cash.

Looking at the trend, the cash ratio has generally shown improvement since the beginning of 2023, with occasional dips in between. The company had notably low cash ratios in March and December 2024, indicating a temporary strain on liquidity in those periods. However, the ratios have generally been above 0.4 since September 2023, signifying a healthy liquidity position.

Overall, the increasing trend in the cash ratio indicates that Spire Inc has been managing its cash effectively and improving its ability to meet short-term obligations. Maintaining a sufficient cash ratio is essential for ensuring financial stability and meeting unexpected funding needs.