UGI Corporation (UGI)
Current ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,651,000 | 1,716,000 | 2,214,000 | 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 |
| Total current liabilities | US$ in thousands | 2,060,000 | 1,886,000 | 1,823,000 | 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 |
| Current ratio | 0.80 | 0.91 | 1.21 | 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 |
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 displayed fluctuations over the past few quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
Looking at the data provided, we observe that the current ratio has ranged from a low of 0.80 to a high of 1.70 in the most recent quarters. In general, a current ratio below 1 may indicate that the company may have difficulty meeting its short-term liabilities with its current assets alone. On the other hand, a current ratio above 1 implies that the company has more current assets than current liabilities.
The trend of the current ratio for UGI Corporation shows volatility, with some quarters indicating possible liquidity challenges, as seen in the ratios below 1. However, the current ratio has also surpassed 1 in several quarters, suggesting a healthier position in terms of short-term liquidity. It is worth noting that a current ratio that is too high may indicate inefficient use of resources, as excess current assets may not be fully utilized.
Overall, it is important for UGI Corporation to maintain a balance in its current assets and liabilities to ensure it can comfortably meet its short-term financial obligations without having excessive idle assets. Monitoring the current ratio over time can provide insights into the company's liquidity position and financial health.
Peer comparison
Sep 30, 2024