UNITIL Corporation (UTL)

Quick 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
Cash US$ in thousands 6,300 6,300 2,800 6,300 6,500 6,000 6,800 6,800 9,000 7,900 5,100 6,500 6,500 8,800 5,000 6,100 6,000 8,200 4,200 6,200
Short-term investments US$ in thousands — — — — — — — — — — — — — — — — — — — —
Receivables US$ in thousands 81,400 65,300 65,800 86,100 84,400 71,700 68,900 96,900 91,800 76,800 67,700 82,600 74,300 56,800 55,500 74,400 66,900 55,200 52,500 64,800
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
Quick ratio 0.38 0.40 0.25 0.33 0.33 0.32 0.32 0.41 0.39 0.44 0.47 0.56 0.47 0.52 0.45 0.66 0.54 0.65 0.38 0.48

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 exhibited fluctuations over the observed periods, ranging from a low of 0.25 to a high of 0.66. The ratio indicates the company's ability to meet its short-term obligations with its most liquid assets. Generally, a quick ratio below 1 suggests potential liquidity issues, as the company may struggle to cover its current liabilities with its readily available assets. UNITIL's quick ratio has generally remained below 1, indicating a reliance on non-cash assets or potential challenges in meeting short-term obligations. The trend in the quick ratio should be monitored closely to assess the company's liquidity position and financial health.