WEC Energy Group Inc (WEC)

Current ratio

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	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	2,093,600	1,773,000	1,838,700	2,008,300
Total current liabilities	US$ in thousands	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	3,182,700	2,818,400	3,362,000	2,889,900
Current ratio		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	0.66	0.63	0.55	0.69

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,795,700K ÷ $5,114,800K
= 0.55

The current ratio of WEC Energy Group Inc has been fluctuating over the past eight quarters. The current ratio measures the company's ability to pay its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.

In Q1 2023, the company's current ratio was 0.75, which improved from the previous quarter but was lower compared to the ratios in Q3 and Q2 2022. This indicates that the company may have had sufficient current assets to cover its short-term liabilities in Q1 2023.

The current ratio decreased in Q4 2023 to 0.55, which is the lowest ratio observed in the provided data. A current ratio below 1 suggests that the company may potentially have difficulty meeting its short-term obligations with its current assets in Q4 2023.

Overall, the fluctuating current ratios of WEC Energy Group Inc suggest that the company's liquidity position has been inconsistent over the analyzed period. It would be essential for stakeholders to further investigate the reasons behind the fluctuations and assess the company's ability to manage its short-term financial obligations effectively.