Southwest Gas Holdings Inc (SWX)
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 | 1,881,110 | 1,998,480 | 2,240,210 | 2,258,020 | 3,707,660 | 1,709,640 | 1,643,840 | 2,046,580 | 1,614,770 | 1,392,610 | 1,006,800 | 1,000,900 | 871,013 | 732,828 | 867,200 | 672,919 | 859,856 | 765,402 | 752,081 | 830,380 |
| Total current liabilities | US$ in thousands | 1,684,850 | 1,052,530 | 1,057,410 | 1,610,490 | 3,422,960 | 1,313,730 | 2,350,420 | 2,630,200 | 3,112,050 | 1,355,230 | 1,272,400 | 1,036,040 | 911,967 | 839,222 | 918,017 | 979,815 | 1,079,860 | 782,344 | 726,504 | 974,478 |
| Current ratio | 1.12 | 1.90 | 2.12 | 1.40 | 1.08 | 1.30 | 0.70 | 0.78 | 0.52 | 1.03 | 0.79 | 0.97 | 0.96 | 0.87 | 0.94 | 0.69 | 0.80 | 0.98 | 1.04 | 0.85 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,881,110K ÷ $1,684,850K
= 1.12
The current ratio of Southwest Gas Holdings Inc has shown fluctuations in the recent quarters. In Q4 2023, the current ratio decreased to 1.12, which may indicate a weakening short-term liquidity position compared to the previous quarter. However, it is still above 1, suggesting that the company's current assets are sufficient to cover its current liabilities.
The significant increase in the current ratio from Q1 2022 to Q2 2023, reaching a peak of 2.12, implies improved liquidity and the ability to meet short-term obligations comfortably. This trend indicates that the company may have efficiently managed its working capital during this period.
On the other hand, there were instances of lower current ratios, such as in Q2 2022 and Q1 2022, which were below 1, signaling potential liquidity challenges and the need to closely monitor the company's ability to meet short-term debt obligations with its current assets during those periods.
Overall, fluctuations in Southwest Gas Holdings Inc's current ratio suggest varying levels of liquidity and working capital management over the quarters, highlighting the importance of monitoring these metrics to assess the company's short-term financial health.
Peer comparison
Dec 31, 2023