TXNM Energy, Inc. (TXNM)

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 498,836 495,694 537,654 407,843 475,543 489,227 404,637 351,899 410,978 409,774 370,289 301,145 324,600 447,713 391,893 328,478 377,479 377,985 326,884 287,962
Total current liabilities US$ in thousands 1,775,100 1,369,640 1,138,640 1,107,130 1,230,760 1,478,570 1,108,240 1,195,460 890,370 666,469 894,484 673,043 664,213 475,207 636,467 1,511,120 977,662 1,251,580 1,265,770 1,114,920
Current ratio 0.28 0.36 0.47 0.37 0.39 0.33 0.37 0.29 0.46 0.61 0.41 0.45 0.49 0.94 0.62 0.22 0.39 0.30 0.26 0.26

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $498,836K ÷ $1,775,100K
= 0.28

TXNM Energy, Inc.'s current ratio has shown fluctuating trends over the past five years, ranging from a low of 0.22 to a high of 0.94. Although there have been periods of improvement, such as the increase in the current ratio from 0.22 in March 2021 to 0.62 in June 2021 and further to 0.94 in September 2021, there have also been instances of decline, like the drop to 0.29 in March 2023. Overall, the company's current ratio has displayed volatility, indicating potential challenges in managing short-term liquidity and meeting its current obligations.