Southwest Gas Holdings Inc (SWX)
Current ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,464,480 | 1,455,400 | 1,691,820 | 1,779,960 | 1,328,230 | 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 |
| Total current liabilities | US$ in thousands | 1,832,100 | 1,702,740 | 1,096,150 | 1,718,660 | 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 |
| Current ratio | 0.80 | 0.85 | 1.54 | 1.04 | 0.79 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,464,480K ÷ $1,832,100K
= 0.80
The current ratio of Southwest Gas Holdings Inc has shown fluctuations over the analyzed period, starting at 0.69 on March 31, 2020, and peaking at 2.12 on June 30, 2023. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
Southwest Gas Holdings Inc's current ratio varied between 0.52 to 2.12, indicating some level of instability in managing its short-term obligations during this timeframe. It is important to note that a current ratio above 1 suggests the company has more than enough current assets to cover its short-term liabilities.
The current ratio reached its highest point on June 30, 2023, indicating a strong ability to meet short-term obligations at that point. However, the ratio decreased in the following periods, suggesting a potential decrease in liquidity or increase in short-term debt obligations. Analyzing the trend of the current ratio over time can provide insight into Southwest Gas Holdings Inc's short-term financial health and liquidity management.
Peer comparison
Dec 31, 2024