Constellation Energy Corp (CEG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 109,000 | 368,000 | 422,000 | 504,000 | 226,000 |
| Short-term investments | US$ in thousands | — | 14,000 | -14,114,000 | 43,000 | 195,000 |
| Total current liabilities | US$ in thousands | 6,846,000 | 6,319,000 | 7,839,000 | 7,996,000 | 5,219,000 |
| Cash ratio | 0.02 | 0.06 | -1.75 | 0.07 | 0.08 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($109,000K
+ $—K)
÷ $6,846,000K
= 0.02
The cash ratio of Constellation Energy Corp has shown fluctuations over the years based on the provided data. As of December 31, 2020, the cash ratio was 0.08, indicating that the company had $0.08 of cash for every $1 of current liabilities. This ratio decreased slightly to 0.07 by December 31, 2021.
However, on December 31, 2022, there was a significant negative cash ratio of -1.75, which could suggest that the company's available cash was insufficient to cover its current liabilities, raising concerns about its liquidity position.
Subsequently, the cash ratio improved to 0.06 on December 31, 2023, indicating a slight recovery in the company's liquidity. By December 31, 2024, the cash ratio further declined to 0.02, potentially signaling a decrease in the company's ability to meet its short-term obligations using cash reserves.
Overall, the trend in Constellation Energy Corp's cash ratio reflects varying levels of liquidity challenges, with a notable dip in 2022 raising red flags regarding the company's short-term financial health. Monitoring this ratio closely is essential to assess the company's ability to meet its immediate financial obligations with available cash resources.
Peer comparison
Dec 31, 2024