UGI Corporation (UGI)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,651,000 | 2,045,000 | 3,802,000 | 3,270,000 | 1,543,000 |
| Total current liabilities | US$ in thousands | 2,060,000 | 2,274,000 | 2,444,000 | 2,297,000 | 1,755,000 |
| Current ratio | 0.80 | 0.90 | 1.56 | 1.42 | 0.88 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,651,000K ÷ $2,060,000K
= 0.80
The current ratio of UGI Corporation has shown varying trends over the past five years. In 2024, the current ratio decreased to 0.80 from 0.90 in 2023, indicating a decline in the company's short-term liquidity and ability to meet its current obligations with its current assets.
Compared to the previous years, the current ratio in 2024 is lower than the ratios in both 2022 and 2021, signaling a potential weakening in the company's liquidity position. However, it is worth noting that the current ratio in 2024 is still higher than the ratio in 2020.
Overall, a current ratio of 0.80 in 2024 may suggest that UGI Corporation may need to closely monitor its liquidity position and manage its current assets and liabilities more effectively to ensure it can meet its short-term obligations comfortably.
Peer comparison
Sep 30, 2024