Clearway Energy Inc Class C (CWEN)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 332,000 | 535,000 | 657,000 | 179,000 | 268,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 718,000 | 906,000 | 617,000 | 1,631,000 | 634,000 |
| Cash ratio | 0.46 | 0.59 | 1.06 | 0.11 | 0.42 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($332,000K
+ $—K)
÷ $718,000K
= 0.46
The cash ratio of Clearway Energy Inc Class C has fluctuated over the past five years. It was 0.42 as of December 31, 2020, indicating that the company had 42 cents of cash and cash equivalents for every dollar of current liabilities. The ratio decreased significantly to 0.11 by December 31, 2021, reflecting a diminished ability to cover short-term obligations with cash on hand.
However, there was a substantial improvement in the cash ratio to 1.06 by December 31, 2022, suggesting a strong liquidity position with more than enough cash to cover current liabilities. Although the ratio declined slightly to 0.59 by December 31, 2023, it remained above 1, indicating the company's continued ability to meet its short-term debt obligations using its cash reserves.
By December 31, 2024, the cash ratio decreased slightly to 0.46, still indicating that Clearway Energy Inc Class C had a sufficient level of cash to cover a significant portion of its short-term obligations. Overall, the company's cash ratio has shown some volatility but has generally remained at levels that suggest a reasonable liquidity position over the period analyzed.
Peer comparison
Dec 31, 2024