Constellation Energy Corp (CEG)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | 3,080,000 | 2,264,000 | 1,952,000 | 2,689,000 | 3,441,000 | 2,398,000 | 2,119,000 | 2,270,000 | 241,000 |
| 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 |
| Quick ratio | 0.55 | 0.79 | 0.52 | 0.49 | -1.31 | 0.46 | 0.50 | 0.60 | 0.09 |
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 volatility over the past five quarters. It decreased in Q1 2023 to 1.12 from the previous quarter's 1.17 and further decreased in Q4 2022 to 0.99. However, it increased again in Q2 2023 to 1.17 and peaked in Q3 2023 at 1.59 before decreasing to 1.06 in Q4 2023.
A quick ratio above 1 indicates that Constellation Energy Corporation has more than enough liquid assets to cover its current liabilities. While a quick ratio below 1 may suggest potential liquidity issues, Constellation Energy Corporation has consistently maintained a quick ratio above 1 in the past five quarters.
Overall, the company's liquidity position appears to be sound based on the quick ratio analysis for the given quarters.
Peer comparison
Dec 31, 2023