Clearway Energy Inc Class C (CWEN)

Cash ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents US$ in thousands 535,000 657,000 179,000 268,000 155,000
Short-term investments US$ in thousands 26,000 741,000
Total current liabilities US$ in thousands 906,000 617,000 1,631,000 634,000 2,057,000
Cash ratio 0.59 1.11 0.11 1.59 0.08

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($535,000K + $—K) ÷ $906,000K
= 0.59

The cash ratio of Clearway Energy Inc has fluctuated over the past five years. The trend shows a significant increase from 2019 to 2020, followed by a decrease in 2021, and then a slight increase in 2022 before dropping again in 2023.

A cash ratio of 0.71, as of Dec 31, 2023, indicates that the company had $0.71 in cash and cash equivalents for every $1 of current liabilities. This ratio suggests that Clearway Energy Inc may have lower liquidity compared to previous years, as the company holds less cash to cover its short-term obligations.

Overall, the cash ratio fluctuation indicates changes in the company's ability to meet its short-term obligations solely with its available cash and cash equivalents. It is important for stakeholders to closely monitor Clearway Energy Inc's liquidity position to ensure the company can meet its financial obligations in a timely manner.


Peer comparison

Dec 31, 2023