Spire Inc (SR)

Quick 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
Cash	US$ in thousands	4,500	7,400	25,600	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
Short-term investments	US$ in thousands	1,070,600	1,030,000	—	—	731,100	—	—	93,500	87,800	90,500	89,000	90,400	—	540,000	—	—	—	—	—	—
Receivables	US$ in thousands	176,900	232,000	414,200	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
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
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

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,500K + $1,070,600K + $176,900K) ÷ $1,703,900K
= 0.73

The quick ratio of Spire Inc has shown fluctuations over the past few quarters, ranging from 0.08 to 0.74. The quick ratio measures the company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.

In the most recent quarter of September 30, 2024, the quick ratio was 0.73, indicating that the company had $0.73 in liquid assets available to cover each dollar of its current liabilities. This suggests that Spire Inc may have a moderate level of liquidity to meet its short-term obligations.

Looking at the trend over the past few quarters, there has been some volatility in the quick ratio, with occasional fluctuations both up and down. The quick ratio hit a low of 0.08 in September 2020 and peaked at 0.74 in June 2024. This variability may indicate shifts in the company's liquidity position and ability to manage its short-term financial obligations.

In analyzing the quick ratio of Spire Inc, it is important to monitor the trend over time and compare it to industry benchmarks to assess the company's liquidity risk and financial health. Additionally, further analysis of the components of the quick ratio, such as cash, marketable securities, and receivables, would provide a more in-depth understanding of the company's liquidity position.