Spire Inc (SR)

Current 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
Total current assets	US$ in thousands	771,300	825,800	1,005,700	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
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
Current ratio		0.45	0.48	0.61	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

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $771,300K ÷ $1,703,900K
= 0.45

The current ratio of Spire Inc has shown some fluctuation over the past few quarters. The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets. A ratio below 1 indicates potential liquidity concerns as the company may have difficulty meeting its short-term obligations.

Looking at the trend in Spire Inc's current ratio, it has ranged from a low of 0.41 in December 2019 to a high of 0.83 in December 2021. The ratio has generally been below 1, reflecting that the company may have had challenges in meeting its short-term liabilities with its current assets in most periods.

In the most recent quarter, September 2024, the current ratio was 0.45, indicating a decline compared to the previous quarter. This suggests a potential deterioration in the company's short-term financial position.

It is important for investors and stakeholders to monitor the current ratio over time to assess the company's liquidity and ability to meet its short-term financial obligations. A consistently low current ratio may indicate a need for improvement in managing working capital and liquidity.