Spire Inc (SR)

Cash 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 and cash equivalents	US$ in thousands	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	5,800	5,800	11,100
Short-term investments	US$ in thousands	—	731,100	—	—	93,500	87,800	90,500	89,000	90,400	—	540,000	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	1,468,800	1,219,600	1,336,700
Cash ratio		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	0.00	0.00	0.01

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,800K + $—K) ÷ $2,210,500K
= 0.00

The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.

Looking at the trend of the cash ratio for Spire Inc. over the past few quarters, we observe fluctuation in the ratios. In Q2 2022 and Q4 2023, the cash ratio stood at 0.19 and 0.28 respectively, which were relatively higher compared to some other quarters. This suggests that the company had a higher proportion of cash to cover its short-term obligations during those periods.

However, in Q3 2023, the cash ratio dropped to 0.14, indicating a temporary decrease in the liquidity position. This might raise concerns about the company's ability to meet its short-term obligations with its available cash reserves during that quarter.

Overall, the fluctuating trend in Spire Inc.'s cash ratio indicates varying levels of liquidity management and highlights the importance of closely monitoring the company's cash position to ensure it can meet its short-term financial obligations effectively.