UNITIL Corporation (UTL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 6,300 | 6,500 | 9,000 | 6,500 | 6,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 81,400 | 84,400 | 91,800 | 74,300 | 66,900 |
| Total current liabilities | US$ in thousands | 228,700 | 277,300 | 260,100 | 173,500 | 136,100 |
| Quick ratio | 0.38 | 0.33 | 0.39 | 0.47 | 0.54 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($6,300K
+ $—K
+ $81,400K)
÷ $228,700K
= 0.38
The quick ratio of UNITIL Corporation has shown a declining trend over the past five years, starting at 0.54 in December 31, 2020, and decreasing to 0.38 by December 31, 2024. This indicates that the company's ability to meet its short-term liabilities with its most liquid assets has weakened over the period. The quick ratio falling below 1.0 suggests that UNITIL may face challenges in covering its current obligations with its readily available liquid assets alone. It is important for the company to closely monitor and potentially improve its liquidity position to ensure financial stability and meet its short-term financial commitments.
Peer comparison
Dec 31, 2024