Sempra Energy (SRE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,470,000 | 5,310,000 | 4,847,000 | 5,204,000 | 5,912,000 | 4,465,000 | 5,902,000 | 6,501,000 | 4,375,000 | 4,593,000 | 3,760,000 | 4,200,000 | 4,511,000 | 6,394,000 | 7,640,000 | 5,424,000 | 3,339,000 | 3,666,000 | 2,783,000 | 3,262,000 |
| Total current liabilities | US$ in thousands | 10,090,000 | 8,765,000 | 8,451,000 | 9,630,000 | 9,899,000 | 7,836,000 | 7,550,000 | 9,000,000 | 10,035,000 | 12,944,000 | 7,312,000 | 6,875,000 | 6,839,000 | 7,635,000 | 9,595,000 | 12,177,000 | 9,150,000 | 9,498,000 | 8,177,000 | 8,612,000 |
| Current ratio | 0.54 | 0.61 | 0.57 | 0.54 | 0.60 | 0.57 | 0.78 | 0.72 | 0.44 | 0.35 | 0.51 | 0.61 | 0.66 | 0.84 | 0.80 | 0.45 | 0.36 | 0.39 | 0.34 | 0.38 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,470,000K ÷ $10,090,000K
= 0.54
The current ratio of Sempra has shown some fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio below 1 indicates that the company may have difficulties meeting its short-term liabilities.
In Q4 2023, Sempra's current ratio decreased to 0.54 from 0.61 in Q3 2023, indicating a potential strain on the company's liquidity. This suggests that Sempra may have short-term liabilities that exceed its current assets, which could raise concerns about its ability to meet its financial obligations in the near future.
Looking at the historical trend, Sempra's current ratio has been below 1 for the last six quarters, with fluctuations seen in Q4 2022 (0.60), Q2 2022 (0.78), and Q1 2022 (0.72). These variations indicate that Sempra has been managing its liquidity position inconsistently.
Overall, a current ratio below 1 for several consecutive quarters suggests that Sempra may need to improve its liquidity position by either increasing its current assets or reducing its short-term liabilities to ensure financial stability in the short term.
Peer comparison
Dec 31, 2023