UNITIL Corporation (UTL)

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	188,800	162,600	160,000	189,400	177,100	156,400	161,300	197,900	194,800	150,600	139,100	163,100	159,700	121,000	114,200	132,700	139,300	117,300	109,600	125,800
Total current liabilities	US$ in thousands	228,700	179,200	274,300	276,600	277,300	243,400	238,000	253,500	260,100	193,600	155,000	157,700	173,500	126,600	133,300	122,900	136,100	98,200	149,300	147,100
Current ratio		0.83	0.91	0.58	0.68	0.64	0.64	0.68	0.78	0.75	0.78	0.90	1.03	0.92	0.96	0.86	1.08	1.02	1.19	0.73	0.86

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $188,800K ÷ $228,700K
= 0.83

The current ratio of UNITIL Corporation has shown fluctuations over the reported periods. The ratio indicates the company's ability to cover its short-term liabilities with its current assets. In general, a current ratio above 1.0 is considered favorable, suggesting the company has sufficient current assets to meet its short-term obligations.

From March 31, 2020 to June 30, 2020, the current ratio decreased from 0.86 to 0.73, indicating a potential liquidity strain. However, from September 30, 2020 to March 31, 2021, the ratio improved to above 1.0, which is a positive sign.

The ratio fluctuated between 0.86 and 1.08 during the next few quarters, implying fluctuations in the company's liquidity position. It decreased to 0.78 by September 30, 2022, and further to 0.64 by December 31, 2023, indicating potential challenges in meeting short-term obligations with current assets.

By June 30, 2024, the current ratio reached 0.58, which may raise concerns about the company's liquidity position. However, there was an improvement by September 30, 2024, with the ratio reaching 0.91, suggesting a better ability to cover short-term liabilities with current assets.

Overall, the trend in UNITIL Corporation's current ratio shows some volatility, indicating fluctuations in the company's liquidity position over the analyzed periods.