Can ONE GAS cover its short-term obligations?

Its current ratio is 0.57 — current liabilities exceed current assets.

Where does ONE GAS's balance sheet data come from?

Every line is extracted from ONE GAS's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

ONE GAS OGS Balance Sheet Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Cash and cash equivalents	$33.73M-57.1%	$78.54M+99.4%	$39.39M+117%	$18.13M+105%
Restricted cash	$23.11M+12.5%	$20.54M0.0%	$20.55M+143%	$8.45M—
Accounts receivable, net	$461.63M+13.0%	$408.45M+17.4%	$347.86M-37.2%	$553.83M+62.1%
Prepaid expenses and other current assets	$41.42M+17.6%	$35.22M+3.7%	$33.95M+13.2%	$30M+8.1%
Income taxes receivable	$55.55M+3.6%	$53.62M+1,259%	$3.95M—	——
Derivative assets	$30.6M+39.8%	$21.89M+24.6%	$17.58M—	——
Materials and supplies	$97.6M+6.5%	$91.66M+18.0%	$77.65M+9.6%	$70.87M+29.1%
Total current assets	$915.88M-1.5%	$929.88M+21.5%	$765.2M-37.2%	$1.22B-45.3%
Property and equipment, net	$7.12B+7.2%	$6.65B+8.3%	$6.14B+9.0%	$5.63B+8.4%
Accumulated depreciation	$2.61B+5.4%	$2.48B+6.2%	$2.33B+5.8%	$2.21B+5.9%
Total property and equipment, gross	$9.73B+6.7%	$9.12B+7.7%	$8.47B+8.1%	$7.83B+7.7%
Goodwill	$157.95M0.0%	$157.95M0.0%	$157.95M0.0%	$157.95M0.0%
Intangible assets, net	$233.79M-12.1%	$265.95M-9.4%	$293.62M-9.3%	$323.84M—
Deferred tax assets	$963.87M+138%	$405.32M+335%	$93.26M-42.2%	$161.32M-62.0%
Other non-current assets	$815M-4.1%	$849.82M-2.4%	$870.58M-6.4%	$929.95M+795%
Long-term investments	$0-100%	$45.4M—	——	——
Regulatory assets	$49.5M-51.1%	$101.21M+34.4%	$75.31M-72.7%	$275.57M-82.9%
Total assets	$8.85B+5.1%	$8.43B+8.4%	$7.77B-0.1%	$7.78B-7.4%
Accounts payable	$222.1M-15.0%	$261.32M-6.0%	$278.06M-22.9%	$360.49M+39.4%
Accrued expenses	$13.7M-4.2%	$14.3M0.0%	$14.3M+12.6%	$12.7M-85.9%
Current portion of long-term debt	$249.67M—	$0—	$0—	$0—
Short-term borrowings	$60M0.0%	$60M0.0%	$60M0.0%	$60M0.0%
Total current liabilities	$1.53B+5.0%	$1.46B-1.3%	$1.48B+24.2%	$1.19B+21.3%
Deferred tax liabilities	$0-100%	$1.59M-80.7%	$8.22M—	$0-100%
Long-term debt	$2.13B+0.1%	$2.13B-28.0%	$2.96B+10.4%	$2.68B-27.2%
Other non-current liabilities	$109.57M-7.3%	$118.16M+2.8%	$114.95M+23.2%	$93.32M-11.4%
Regulatory liabilities	$57.28M+154%	$22.53M-66.3%	$66.9M+39.8%	$47.87M+492%
Common stock	250M0.0%	250M0.0%	250M0.0%	250M0.0%
Additional paid-in capital	$2.53B+10.3%	$2.29B+13.1%	$2.03B+5.0%	$1.93B+8.0%
Retained earnings	$909.36M+12.3%	$809.61M+9.7%	$737.74M+13.2%	$651.86M+15.3%
Accumulated other comprehensive income (loss)	$4K+103%	-$126K+89.3%	-$1.18M-67.9%	-$704K+89.2%
Total stockholders' equity	$3.44B+10.8%	$3.1B+12.2%	$2.77B+7.0%	$2.58B+10.0%
Total liabilities and stockholders' equity	$8.85B+5.1%	$8.43B+8.4%	$7.77B-0.1%	$7.78B-7.4%
Commitments and contingencies	$0—	$0—	——	——
Allowance for Doubtful Accounts	$12.7M-14.8%	$14.9M-7.5%	$16.1M-3.6%	$16.7M-10.7%
Natural gas for sale	$176.45M+9.5%	$161.18M-13.9%	$187.1M-30.5%	$269.21M—
Other current assets	$41.42M+17.6%	$35.22M+3.7%	$33.95M+13.2%	$30M+8.1%
Derivative Assets - Fair Value	$30.6M+39.8%	$21.89M+24.6%	$17.58M—	——
Unbilled Revenue	$216.4M+2.1%	$212M+10.8%	$191.4M-29.0%	$269.5M+47.1%
Deferred Tax Assets and Other Non-Current Assets	$3.36M—	$0—	$0-100%	$3.01M-76.1%
Finite Lived Intangible Assets - Gross	——	——	——	$327.4M—
Investments and sundry assets	$815M-4.1%	$849.82M-2.4%	$870.58M-6.4%	$929.95M-5.8%
Other non-current assets	$120.03M+14.3%	$105.03M+11.0%	$94.62M-19.4%	$117.33M+12.9%
Other Intangible Assets Net	$233.79M-12.1%	$265.95M-9.4%	$293.62M-9.3%	$323.84M—
Public Utilities, Property, Plant and Equipment, Net	$7.12B+7.2%	$6.65B+8.3%	$6.14B+9.0%	$5.63B+8.4%
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $85; 2025, $84)	$0-100%	$45.4M—	——	——
Software and Technology Licenses, Net	$120.03M+14.3%	$105.03M+11.0%	$94.62M-19.4%	$117.33M+12.9%
Tax Credit Carryforward Valuation Allowance	$0—	$0—	$0—	$0—
Accrued Environmental Liabilities	$13.7M-4.2%	$14.3M0.0%	$14.3M+12.6%	$12.7M-44.3%
Commercial Paper Outstanding	$2.4M+77.8%	$1.35M-3.6%	$1.4M+16.7%	$1.2M0.0%
Current maturities of securitized utility tariff bonds, net of issuance costs	$30.57M+5.6%	$28.96M+5.6%	$27.43M+32.4%	$20.72M—
Other accrued liabilities	$106.4M+7.5%	$99.01M-11.9%	$112.37M+55.8%	$72.13M-20.2%
Customer Deposits	$52.87M-6.0%	$56.24M-9.6%	$62.19M+7.5%	$57.85M-7.4%
Short-Term Debt - Weighted-Average Interest Rate	3.9%-0.8%	4.8%-0.8%	5.6%+0.9%	4.8%+4.4%
Current Uncertain Tax Liabilities	$0—	$0—	$0—	$0—
Debt - Unamortized Discount (Premium) and Issuance Costs, Net	$18.96M-8.4%	$20.69M-1.9%	$21.09M+4.7%	$20.14M+62.2%
Deferred Tax Liabilities - Leasing Arrangements	$2.94M-23.9%	$3.87M-17.1%	$4.66M-48.4%	$9.04M+34.4%
Total debt	$2.46B+11.2%	$2.21B-27.4%	$3.04B+10.0%	$2.77B-26.7%
Common Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common Stock Shares Issued	62.7M+4.7%	59.9M+5.9%	56.5M+2.2%	55.3M+3.2%
Convertible Preferred Stock Authorized Shares	50M0.0%	50M0.0%	50M0.0%	50M0.0%
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively	$627K+4.7%	$599K+6.0%	$565K+2.2%	$553K+3.2%
Preferred Stock Par Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Shares Reserved for Future Issuance Under Stock Plans	4.3M0.0%	4.3M0.0%	4.3M0.0%	4.3M0.0%
Defined Benefit Plan Weighted Average Asset Allocation	100%0.0%	100%0.0%	100%0.0%	100%0.0%
Defined Benefit Plan Amounts Recognized in Balance Sheet	$47.01M+9.6%	$42.88M+17.5%	$36.48M—	——
Defined Benefit Plan Healthcare Cost Trend Rate	7.5%+0.5%	7%+1.0%	6%-0.5%	6.5%+0.5%
Line of Credit Maximum Borrowing Capacity	$1.5B+11.1%	$1.35B+35.0%	$1B0.0%	$1B0.0%
Line of Credit Remaining Borrowing Capacity	$1.5B+11.2%	$1.35B+12.4%	$1.2B+20.1%	$998.8M0.0%
Accrual for Environmental Loss Contingencies	$13.7M-4.2%	$14.3M0.0%	$14.3M+12.6%	$12.7M-44.3%
Approved Debt to Capital Ratio	70%0.0%	70%0.0%	70%—	——
Bridge Loan	$60M0.0%	$60M0.0%	$60M0.0%	$60M0.0%
Capitalized non-service cost components	$6.8M+1.5%	$6.7M—	——	——
Cash surrender value of life insurance policies	$46.2M+11.3%	$41.5M+9.5%	$37.9M—	——
Commercial paper borrowings outstanding	$737.4M-19.4%	$914.6M+933%	$88.5M-84.0%	$552M+11.7%
Commercial paper maximum borrowing capacity	$1.5B+11.1%	$1.35B+35.0%	$1B0.0%	$1B—
Common Stock Authorized and Available for Issuance	187.3M-1.5%	190.1M-1.8%	193.5M—	——
Common stock, capital shares reserved for future issuance	$4.3M0.0%	$4.3M0.0%	$4.3M0.0%	$4.3M0.0%
Common stock, par value (in dollars per share)	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Common stock, shares authorized (in shares)	$250M0.0%	$250M0.0%	$250M0.0%	$250M0.0%
Common stock, shares issued (in shares)	$62.69M+4.7%	$59.88M+5.9%	$56.55M+2.2%	$55.35M+3.2%
Common Stock, Shares, Outstanding	$62.69M+4.7%	$59.88M+5.9%	$56.55M+2.2%	$55.35M+3.2%
Debt Instrument, Covenant Compliance, Default Provision, Indebtnedness Threshold	$100M0.0%	$100M0.0%	$100M0.0%	$100M0.0%
Debt Instrument, Covenant Compliance, Default Provision, Debt Holders	25%0.0%	25%0.0%	25%-2,475%	2,500%+2,475%
Less: net unamortized discount	$3.83M+5.7%	$3.62M-52.4%	$7.62M-0.3%	$7.64M+40.0%
Deferred Tax Liabilities, Gross	$1.44B+2.7%	$1.4B+45.5%	$963M-3.1%	$994.14M-21.8%
Deferred income taxes	$963.87M+8.1%	$891.74M+18.6%	$752.07M+7.7%	$698.46M+0.5%
Deferred MGP Costs, Maximum	$32M+113%	$15M0.0%	$15M—	——
Deferred Tax Assets, Gross	$475.31M-6.7%	$509.7M+142%	$210.94M-28.7%	$295.68M-48.6%
Deferred Tax Assets, Leasing Arrangements	$2.77M-24.4%	$3.67M-18.5%	$4.5M-50.9%	$9.16M+32.6%
Deferred Tax Assets, Operating Loss Carryforwards	$362.56M-10.5%	$405.32M+335%	$93.26M-42.2%	$161.32M-62.0%
Deferred Tax Assets, Regulatory adjustments	$95.72M-5.0%	$100.72M-6.7%	$107.95M-5.8%	$114.55M—
Deferred Tax Assets, Regulatory Assets - purchased-gas cost adjustment	$10.9M—	$0-100%	$5.23M—	——
Deferred Tax Assets, Valuation Allowance	$0—	$0—	$0—	$0—
Deferred Tax Liabilities, Other	$0-100%	$1.59M-80.7%	$8.22M—	$0-100%
Deferred Tax Liabilities, Property, Plant and Equipment	$996.13M+7.0%	$930.68M+13.1%	$822.62M+3.8%	$792.57M+8.0%
Deferred Tax Liabilities, Regulatory Assets and Liabilities - other	$69.96M-5.3%	$73.9M+5.0%	$70.38M—	——
Deferred Tax Liabilities, Winter weather events	$363.99M-4.7%	$381.82M+571%	$56.91M-53.1%	$121.35M-71.2%
Deferred Tax Liabilities, Regulatory Liabilities - purchased-gas cost adjustment	$0-100%	$8.65M—	$0—	——
Deferred Tax Liabilities, Tax Deferred Expense, Compensation and Benefits	$6.17M+560%	$934K+356%	$205K—	$0—
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year	$0.08+7.1%	$0.07+16.7%	$0.06-7.7%	$0.07+8.3%
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	$0.05+11.1%	$0.050.0%	$0.050.0%	$0.050.0%
Derivative Asset, Subject to Master Netting Arrangement, Gross Liability and Collateral, Obligation to Return Cash, Offset	$0-100%	$25K—	——	——
Fair Value, Investments, Entities that Calculate Net Asset Value Per Share, Unfunded Commitments	$0—	$0—	——	——
Gross Carrying Amount	——	——	——	$327.4M—
Forward Contract Indexed to Equity, Settlement, Number of Shares Issued	2.6M-16.7%	3.2M—	——	——
Forward Contract Indexed to Equity, Settlement, Original Number of Shares	——	1.4M-68.0%	4.3M—	——
Settlement of equity forwards, net cash proceeds	——	$30.08M-89.0%	$273.24M—	——
Settlement of equity forwards (in shares)	——	403K-88.7%	3.6M—	——
Income taxes receivable	$55.55M+3.6%	$53.62M+1,259%	$3.95M—	——
Letters of Credit Outstanding, Amount	$2.4M+77.8%	$1.35M-3.6%	$1.4M+16.7%	$1.2M0.0%
Line of Credit Facility, Amount Outstanding	$0—	——	——	——
Committed Revolving Credit Facilities	$1.5B+11.1%	$1.35B+35.0%	$1B0.0%	$1B0.0%
Line of Credit Facility Option to Increase Borrowing Capacity	$750M+400%	$150M-50.0%	$300M-40.0%	$500M0.0%
Line of Credit Facility Sublimit	$20M0.0%	$20M0.0%	$20M0.0%	$20M0.0%
Fair value of long-term debt	$2.5B+13.6%	$2.2B-21.4%	$2.8B—	——
Net regulatory assets	-$203.17M-83.2%	-$110.87M+45.7%	-$204.17M-802%	$29.1M-98.4%
Net Regulatory Assets (Liabilities), Current	-$7.77M-110%	$78.69M+836%	$8.41M-96.3%	$227.71M-85.8%
Net regulatory assets and liabilities, noncurrent	-$195.4M-3.1%	-$189.56M+10.8%	-$212.57M-7.0%	-$198.61M-216%
Number Of Former Manufactured Gas Sites Where We Own Or Retain Legal Responsibility For Environmental Conditions	120.0%	120.0%	12—	——
Number of natural gas distribution services customers	2.3M0.0%	2.3M0.0%	2.3M0.0%	2.3M+4.5%
Number of sites where regulatory closure has been achieved	50.0%	50.0%	5—	——
Number of sites with ongoing groundwater monitoring	70.0%	70.0%	7—	——
Operating Leases Future Minimum Payments Due Current	$5.3M—	——	——	——
Operating Leases Future Minimum Payments Due In Five Years	$0—	——	——	——
Operating Leases Future Minimum Payments Due In Four Years	$1.5M—	——	——	——
Operating Leases Future Minimum Payments Due In Three Years	$3M—	——	——	——
Operating Leases Future Minimum Payments Due In Two Years	$3.5M—	——	——	——
Operating Leases Future Minimum Payments Due Thereafter	$0—	$0-100%	$1.4M—	——
Other Deferred Compensation Arrangements, Liability, Current and Noncurrent	——	$18.9M—	——	——
Preferred Stock, Par or Stated Value Per Share	$0.010.0%	$0.010.0%	$0.010.0%	$0.010.0%
Preferred Stock, Shares Authorized	$50M0.0%	$50M0.0%	$50M0.0%	$50M0.0%
Public Utilities, Amount of Allowance for Earnings on Equity Capitalized for Rate Making Purposes	$24.2M+39.1%	$17.4M—	——	——
Ratio of Indebtedness to Net Capital Excluding KGSS-I debt	47.6%-1.9%	49.5%—	——	——
RefundFromAmendedOklahomaCorporateIncomeTaxReturn	$1.5M—	——	——	——
Regulatory Asset for Costs Associated with Manufactured Gas Sites	$30.1M-3.2%	$31.1M-2.8%	$32M+7.4%	$29.8M—
Regulatory Asset	$305.73M-19.4%	$379.22M+4.4%	$363.21M-40.1%	$606.4M-74.0%
Regulatory liabilities	$508.9M+3.8%	$490.09M-13.6%	$567.38M-1.7%	$577.31M+2.9%
RequestedRefundFrom2022AmendedFederalTaxReturn	$55.6M+0.2%	$55.5M—	——	——
Securitized utility tariff bonds, excluding current maturities, net of issuance costs	$223.02M-12.0%	$253.57M-10.2%	$282.51M-8.7%	$309.34M—
Incentive stock program, shares reserved for future grants (in shares)	$1.5M-11.8%	$1.7M-5.6%	$1.8M+28.6%	$1.4M-22.2%
Unbilled Receivables	$216.4M+2.1%	$212M+10.8%	$191.4M-29.0%	$269.5M+47.1%

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Questions, answered.

Can ONE GAS cover its short-term obligations?: Its current ratio is 0.57 — current liabilities exceed current assets.
Where does ONE GAS's balance sheet data come from?: Every line is extracted from ONE GAS's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.