WEC Energy Group Inc (WEC)

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 2,911,700 2,619,200 2,584,100 2,604,600 2,795,700 2,443,600 2,457,600 2,838,500 3,187,700 2,771,000 2,642,500 2,562,600 2,656,700 2,408,900 2,278,100 2,355,500 2,083,000 1,727,200 1,713,400 1,845,300
Total current liabilities US$ in thousands 4,841,900 4,009,400 3,491,600 4,709,700 5,114,800 4,073,700 4,096,900 3,765,800 4,611,000 3,369,700 3,817,800 3,264,400 3,753,000 3,692,600 3,373,900 3,714,900 4,148,100 2,840,000 3,484,600 2,847,700
Current ratio 0.60 0.65 0.74 0.55 0.55 0.60 0.60 0.75 0.69 0.82 0.69 0.79 0.71 0.65 0.68 0.63 0.50 0.61 0.49 0.65

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,911,700K ÷ $4,841,900K
= 0.60

The current ratio of WEC Energy Group Inc has fluctuated over the years based on the provided data. It ranged from a low of 0.49 on June 30, 2020, to a high of 0.82 on September 30, 2022. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio below 1 indicates that the company may have difficulty in meeting its short-term obligations, while a ratio above 1 signifies a good ability to cover those obligations.

In the recent period, the current ratio improved from 0.60 on June 30, 2024, to 0.65 on September 30, 2024. This indicates that the company's liquidity position strengthened slightly during this time frame. However, the current ratio still remains below 1, suggesting that WEC Energy Group Inc may need to manage its working capital efficiently to ensure it can meet its short-term obligations in a timely manner.

Additionally, it would be beneficial to monitor the current ratio in future periods to assess the company's ongoing liquidity position and ability to manage its short-term financial obligations effectively.