UGI Corporation (UGI)
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 | 2,285,000 | 2,045,000 | 2,035,000 | 2,760,000 | 3,456,000 | 3,802,000 | 3,509,000 | 4,154,000 | 3,431,000 | 3,270,000 | 2,377,000 | 2,384,000 | 2,180,000 | 1,543,000 | 1,600,000 | 1,878,000 | 1,947,000 | 1,566,000 | 1,717,600 | 2,180,000 |
| Total current liabilities | US$ in thousands | 2,341,000 | 2,274,000 | 2,083,000 | 2,273,000 | 3,380,000 | 2,444,000 | 2,068,000 | 2,499,000 | 2,581,000 | 2,297,000 | 1,701,000 | 1,892,000 | 2,097,000 | 1,755,000 | 1,679,000 | 2,116,000 | 2,391,000 | 2,028,000 | 1,594,700 | 1,777,300 |
| Current ratio | 0.98 | 0.90 | 0.98 | 1.21 | 1.02 | 1.56 | 1.70 | 1.66 | 1.33 | 1.42 | 1.40 | 1.26 | 1.04 | 0.88 | 0.95 | 0.89 | 0.81 | 0.77 | 1.08 | 1.23 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,285,000K ÷ $2,341,000K
= 0.98
The current ratio of UGI Corp. has displayed some fluctuations over the past eight quarters. At the end of Q1 2024, the current ratio stood at 0.98, indicating that the company's current assets were just sufficient to cover its current liabilities. This ratio decreased from the previous quarter (Q4 2023), where it was 0.90, suggesting a slight improvement in the company's liquidity position.
During Q2 2023, the current ratio was at its highest at 1.21, showing that UGI Corp. had more current assets relative to its current liabilities compared to other quarters in the table. Conversely, in Q3 2022, the current ratio was at its lowest at 1.66, still indicating healthy liquidity albeit lower than the Q2 2023 level.
Overall, the trend in the current ratio of UGI Corp. suggests some variability in its liquidity position over the analyzed period. It may be valuable for stakeholders to further investigate the reasons behind these fluctuations to assess the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023