Constellation Energy Corp (CEG)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 368,000 | 1,889,000 | 269,000 | 237,000 | 422,000 | 1,192,000 | 806,000 | 1,605,000 | 504,000 |
| Short-term investments | US$ in thousands | — | — | 480,000 | 5,000 | -14,114,000 | 6,000 | 8,000 | — | — |
| Total current liabilities | US$ in thousands | 6,319,000 | 5,263,000 | 5,225,000 | 5,947,000 | 7,839,000 | 7,887,000 | 5,878,000 | 6,434,000 | 7,996,000 |
| Cash ratio | 0.06 | 0.36 | 0.14 | 0.04 | -1.75 | 0.15 | 0.14 | 0.25 | 0.06 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($368,000K
+ $—K)
÷ $6,319,000K
= 0.06
Constellation Energy Corporation's cash ratio has exhibited fluctuations over the past five quarters. The ratio ranged from a low of 0.57 in Q4 2022 to a high of 1.16 in Q3 2023. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external sources of financing.
In the latest quarter (Q4 2023), the cash ratio stands at 0.61, which is lower compared to the previous quarter. This may suggest a potential decrease in liquidity or an increase in short-term liabilities that the company needs to address. It is important for Constellation Energy Corporation to carefully monitor its cash position and manage its short-term obligations effectively to ensure financial stability and operational continuity.
Peer comparison
Dec 31, 2023