Spire Inc (SR)

Quick ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cash	US$ in thousands	4,500	5,600	6,500	4,300	4,100
Short-term investments	US$ in thousands	—	—	87,800	—	—
Receivables	US$ in thousands	176,900	181,900	200,200	317,300	116,900
Total current liabilities	US$ in thousands	1,703,900	1,755,400	2,353,600	1,608,300	1,449,200
Quick ratio		0.11	0.11	0.13	0.20	0.08

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,500K + $—K + $176,900K) ÷ $1,703,900K
= 0.11

The quick ratio of Spire Inc has shown some fluctuations over the past five years. The quick ratio, which measures a company's ability to cover its short-term liabilities with liquid assets, has been consistently low, ranging from 0.08 to 0.20.

In 2020 and 2024, the quick ratio was at its lowest at 0.08, indicating a relatively weak liquidity position in those years. However, in 2021, the quick ratio improved to 0.20, showing a better ability to meet short-term obligations with quick assets.

From 2021 to 2023, the quick ratio remained relatively stable at around 0.11, suggesting that the company's liquidity position did not significantly change during this period.

Overall, the trend in Spire Inc's quick ratio indicates that the company may have struggled with liquidity management in some years, while showing improvement in others. Further analysis of the company's current assets and liabilities would be necessary to fully assess its liquidity position.