UGI Corporation (UGI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 213,000 | 183,000 | 263,000 | 204,000 | 241,000 | 260,000 | 321,000 | 317,000 | 405,000 | 670,000 | 718,000 | 334,000 | 855,000 | 545,000 | 444,000 | 416,000 | 336,000 | 487,000 | 297,000 | 333,000 |
| Short-term investments | US$ in thousands | — | 28,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 300 | 300 | 400 |
| Receivables | US$ in thousands | 765,000 | 827,000 | 1,192,000 | 1,188,000 | 914,000 | 991,000 | 1,523,000 | 1,629,000 | 1,255,000 | 1,361,000 | 1,818,000 | 1,589,000 | 1,008,000 | 976,000 | 1,310,000 | 1,115,000 | 732,000 | 674,600 | 1,016,300 | 1,011,100 |
| 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 |
| Quick ratio | 0.47 | 0.55 | 0.80 | 0.59 | 0.51 | 0.60 | 0.81 | 0.58 | 0.68 | 0.98 | 1.01 | 0.75 | 0.81 | 0.89 | 0.93 | 0.73 | 0.61 | 0.69 | 0.62 | 0.56 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($213,000K
+ $—K
+ $765,000K)
÷ $2,060,000K
= 0.47
The quick ratio of UGI Corporation has shown some fluctuations over the past few quarters, ranging from a low of 0.47 to a high of 1.01. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1.0 indicates that the company may have difficulty meeting its short-term obligations, while a ratio above 1.0 suggests the company has an adequate level of liquid assets to cover its short-term liabilities.
Looking at the trend, the quick ratio has generally been above 0.5, which implies that UGI Corporation has had a relatively strong ability to meet its short-term obligations. The ratio peaked at 1.01 in the second quarter of 2022, indicating a particularly strong liquidity position at that time. However, it dropped to 0.47 in the first quarter of 2024, which may indicate a temporary dip in liquidity.
Overall, the quick ratio of UGI Corporation has shown some volatility but has generally remained at a level that suggests the company has a reasonable ability to cover its short-term liabilities with its liquid assets. It would be important to closely monitor this ratio to ensure that UGI maintains a healthy liquidity position in the future.
Peer comparison
Sep 30, 2024