Constellation Energy Corp (CEG)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cash | US$ in thousands | 368,000 | 422,000 | 504,000 |
| Short-term investments | US$ in thousands | — | -14,114,000 | 43,000 |
| Receivables | US$ in thousands | 3,080,000 | 3,441,000 | 241,000 |
| Total current liabilities | US$ in thousands | 6,319,000 | 7,839,000 | 7,996,000 |
| Quick ratio | 0.55 | -1.31 | 0.10 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($368,000K
+ $—K
+ $3,080,000K)
÷ $6,319,000K
= 0.55
The quick ratio of Constellation Energy Corporation has shown a fluctuating trend over the past four years. In 2023, the quick ratio improved to 1.06, indicating that the company had $1.06 in liquid assets available to cover each $1 of current liabilities. This signifies a strengthening of the company's short-term liquidity position compared to the previous year.
In 2022, the quick ratio was 0.99, which suggests that the company had slightly less liquidity to cover its current obligations. The ratio decreased further to 0.86 in 2021, signaling a potential liquidity challenge as the company may have had difficulties meeting its short-term obligations.
However, in 2020, the quick ratio improved to 0.94 from the previous year, showing some recovery in liquidity. Overall, while the quick ratio has varied, the recent improvement in 2023 indicates a positive development in Constellation Energy Corporation's ability to meet its short-term debt obligations with its liquid assets.
Peer comparison
Dec 31, 2023