Spire Inc (SR)

Current ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Total current assets	US$ in thousands	1,076,900	1,592,000	1,316,500	590,600	614,500
Total current liabilities	US$ in thousands	1,755,400	2,353,600	1,608,300	1,449,200	1,468,800
Current ratio		0.61	0.68	0.82	0.41	0.42

September 30, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,076,900K ÷ $1,755,400K
= 0.61

The current ratio of Spire Inc. has exhibited fluctuations over the past five years. As of Sep 30, 2023, the current ratio stands at 0.61, indicating a decline from the previous year's figure of 0.68. This trend suggests a potential weakening in the company's ability to meet its short-term liabilities with its current assets. Comparing to the ratios of 0.82 in 2021 and 0.41 in 2020, it appears that the company's liquidity position has been volatile. The current ratio of 0.42 in 2019 was comparable to the 2020 ratio, indicating a consistent but relatively weak liquidity position at that time.

The declining current ratio may raise concerns about Spire Inc.'s liquidity and its ability to cover its short-term obligations. Further analysis of the company's current assets and liabilities is recommended to gain a deeper understanding of the root causes behind these fluctuations.