Southwest Gas Holdings Inc (SWX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 363,789 | 456,643 | 599,639 | 457,952 | 106,536 | 104,939 | 221,367 | 82,085 | 123,078 | 175,272 | 215,963 | 624,666 | 222,697 | 186,690 | 47,565 | 92,345 | 83,352 | 23,945 | 199,591 | 60,965 |
| Short-term investments | US$ in thousands | — | 1,193,060 | 1,234,940 | 1,252,860 | 1,266,340 | 1,254,060 | 1,267,760 | 1,250,330 | — | 1,311,330 | 1,312,700 | 1,313,290 | — | 1,305,330 | 860,701 | 842,672 | — | 825,069 | 809,111 | 785,522 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.20 | 0.97 | 1.67 | 1.00 | 0.81 | 1.29 | 1.41 | 0.83 | 0.04 | 1.13 | 0.65 | 0.74 | 0.07 | 1.10 | 0.71 | 0.90 | 0.09 | 1.01 | 1.10 | 0.86 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($363,789K
+ $—K
+ $—K)
÷ $1,832,100K
= 0.20
The quick ratio of Southwest Gas Holdings Inc, which measures the company's ability to meet its short-term obligations with its most liquid assets, has exhibited fluctuations over the past several quarters.
The quick ratio ranged between 0.04 and 1.67 from December 31, 2022, to September 30, 2024. Notably, the ratio was very low at 0.04 on December 31, 2022, indicating potential liquidity challenges, but it improved significantly to 1.67 on June 30, 2024, suggesting a stronger ability to cover its current liabilities with liquid assets.
Overall, the quick ratio seems to fluctuate, indicating potential changes in the company's liquidity position over time. It is important for stakeholders to closely monitor the trend of the quick ratio to assess Southwest Gas Holdings Inc's short-term liquidity health and financial stability.
Peer comparison
Dec 31, 2024