CMS Energy Corporation (CMS)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 103,000 | 412,000 | 699,000 | 802,000 | 227,000 | 157,000 | 389,000 | 571,000 | 164,000 | 168,000 | 77,000 | 446,000 | 452,000 | 102,000 | 153,000 | 496,000 | 32,000 | 519,000 | 1,587,000 | 834,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 136,000 | — | — | — |
| Receivables | US$ in thousands | 561,000 | 369,000 | 423,000 | 449,000 | 473,000 | 295,000 | 312,000 | 1,469,000 | 2,243,000 | 1,544,000 | 1,391,000 | 1,543,000 | 1,429,000 | 1,070,000 | 1,122,000 | 1,509,000 | 1,594,000 | 941,000 | 1,021,000 | 1,150,000 |
| Total current liabilities | US$ in thousands | 3,521,000 | 2,191,000 | 2,528,000 | 2,295,000 | 2,895,000 | 2,719,000 | 2,737,000 | 2,942,000 | 2,985,000 | 2,488,000 | 2,389,000 | 1,814,000 | 2,204,000 | 3,254,000 | 3,114,000 | 2,885,000 | 3,074,000 | 2,992,000 | 3,123,000 | 2,940,000 |
| Quick ratio | 0.19 | 0.36 | 0.44 | 0.55 | 0.24 | 0.17 | 0.26 | 0.69 | 0.81 | 0.69 | 0.61 | 1.10 | 0.85 | 0.36 | 0.41 | 0.69 | 0.57 | 0.49 | 0.84 | 0.67 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($103,000K
+ $—K
+ $561,000K)
÷ $3,521,000K
= 0.19
The quick ratio of CMS Energy Corporation has fluctuated over the period under review, ranging from a low of 0.17 to a high of 1.10. This ratio indicates the company's ability to cover its current liabilities with its most liquid assets. A quick ratio below 1 suggests potential liquidity challenges in meeting short-term obligations.
Specifically, the quick ratio improved towards the end of the period, with values above 0.6 for the most recent quarters. This signifies an enhancement in the company's liquidity position and its ability to meet short-term liabilities using its liquid assets more effectively. Overall, managing the quick ratio at an adequate level is essential for CMS Energy Corporation to ensure financial stability and satisfy its short-term obligations promptly.
Peer comparison
Dec 31, 2024