Spire Inc (SR)

Quick 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
Cash	US$ in thousands	4,800	5,600	5,300	6,900	4,800	6,500	16,000	8,300	8,200	4,300	23,900	104,000	3,500	4,100	7,400	108,400	21,500	5,800	5,800	11,100
Short-term investments	US$ in thousands	—	731,100	—	—	93,500	87,800	90,500	89,000	90,400	—	540,000	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	415,400	181,900	269,800	498,700	471,600	200,200	278,900	408,800	456,200	317,300	321,300	434,000	266,200	116,900	136,200	237,100	262,300	121,100	162,900	334,300
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
Quick ratio		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	0.09	0.14	0.26

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,800K + $—K + $415,400K) ÷ $2,210,500K
= 0.19

The quick ratio of Spire Inc. has exhibited some fluctuations over the past eight quarters. In Q1 2024, the quick ratio stood at 0.43, indicating that the company had $0.43 in liquid assets available to cover each dollar of its current liabilities. This marked a slight decrease from the previous quarter's ratio of 0.45 in Q4 2023.

The quick ratio had shown a significant improvement in Q2 2023, where it reached 0.64, suggesting a strong ability to meet short-term obligations with its quick assets. However, this was followed by a decline in Q3 2023 to 0.40, reflecting a potential liquidity strain during that period.

Subsequently, the quick ratio increased to 0.52 in Q4 2022 and 0.55 in Q3 2022 before reaching its highest point at 0.66 in Q2 2022. These ratios indicated an improvement in the company's liquidity position and ability to meet short-term obligations in those quarters.

Overall, the trend in Spire Inc.'s quick ratio fluctuated over the quarters, underscoring the importance of monitoring the company's liquidity position to ensure its ability to meet immediate financial demands.