Spire Inc (SR)

Current 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
Total current assets	US$ in thousands	1,219,900	1,076,900	861,200	1,111,600	1,629,700	1,592,000	1,261,100	1,089,300	1,435,300	1,316,500	898,300	1,040,000	770,000	590,600	559,300	718,800	776,400	614,500	649,800	793,600
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
Current ratio		0.55	0.61	0.56	0.79	0.68	0.68	0.72	0.78	0.83	0.82	0.70	0.69	0.50	0.41	0.50	0.62	0.62	0.42	0.53	0.59

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,219,900K ÷ $2,210,500K
= 0.55

The current ratio of Spire Inc. has exhibited some fluctuation over the past few quarters. In Q1 2024, the current ratio was 0.55, indicating that the company's current assets were only sufficient to cover 55% of its current liabilities. This represents a decrease from the previous quarter's current ratio of 0.61 in Q4 2023.

Looking further back, the current ratio has been below 1 in the past several quarters, suggesting that Spire Inc. may have had difficulty meeting its short-term obligations with its current assets alone. The lowest current ratio was observed in Q1 2023 at 0.55, and the highest was in Q2 2023 at 0.79.

While a current ratio below 1 may raise concerns about the company's liquidity and ability to meet its short-term liabilities, additional analysis considering the nature of Spire Inc.'s industry, business model, and trend over time would provide a more comprehensive understanding of its financial health.