Spire Inc (SR)

Liquidity ratios

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
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
Quick ratio 0.73 0.74 0.27 0.19 0.52 0.18 0.36 0.24 0.13 0.22 0.36 0.32 0.20 0.69 0.36 0.17 0.08 0.13 0.30 0.23
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

The liquidity ratios of Spire Inc show fluctuations over the time periods provided.

The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, has been volatile, ranging from 0.41 to 0.83. The ratio has generally been below 1, indicating a potential liquidity risk as the company may have difficulty meeting its short-term liabilities.

The quick ratio, also known as the acid-test ratio, considers only the most liquid assets to cover short-term liabilities. This ratio has shown significant variation, ranging from 0.08 to 0.74. The low values suggest that the company may struggle to meet its immediate obligations without relying on inventory and receivables.

The cash ratio, which provides the most conservative measure of liquidity by focusing solely on cash and cash equivalents, has been extremely low, with values ranging from 0.00 to 0.63. This indicates that Spire Inc may have limited cash reserves to meet its short-term financial commitments without relying on other assets.

Overall, the liquidity ratios of Spire Inc paint a challenging picture regarding the company's ability to meet its short-term financial obligations consistently. A sustained focus on improving liquidity management may be necessary to mitigate potential liquidity risks in the future.

Additional liquidity measure

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 conversion cycle days 56.94 63.58 87.52 41.18 59.98 106.77 28.97 -128.26 -263.68 -390.45 -245.21 35.68 26.26 34.58 31.72 37.37 11.38 16.60 28.44 20.31

The cash conversion cycle for Spire Inc has shown significant fluctuations over the past several quarters. It is a measure of the time taken to convert a company's investment in inventory and other resources back into cash from sales.

The company experienced a positive cash conversion cycle in the most recent quarter, indicating that cash was tied up in the operating cycle for approximately 56.94 days. This was a decrease from the previous quarter's 63.58 days, suggesting an improvement in efficiency in managing working capital.

However, in the prior quarters, the cash conversion cycle had been higher, reaching as high as 106.77 days in Jun 30, 2023, and even turning negative in Dec 31, 2022, and Sep 30, 2022. A negative cash conversion cycle can indicate that the company is able to collect cash from customers before paying suppliers or vendors, which can be a positive sign of liquidity management.

Overall, the fluctuations in the cash conversion cycle suggest that Spire Inc may have experienced challenges in managing working capital efficiently in the past, but the recent improvements indicate efforts to streamline operations and enhance cash flow management. Monitoring this metric can provide insights into the company's ability to efficiently utilize its resources and convert them into cash effectively.