Clearway Energy Inc Class C (CWEN)
Cash 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 and cash equivalents | US$ in thousands | 332,000 | 292,000 | 226,000 | 478,000 | 535,000 | 566,000 | 547,000 | 576,000 | 657,000 | 793,000 | 955,000 | 140,000 | 179,000 | 189,000 | 138,000 | 144,000 | 268,000 | 359,000 | 175,000 | 110,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 718,000 | 661,000 | 701,000 | 874,000 | 906,000 | 844,000 | 606,000 | 638,000 | 617,000 | 808,000 | 749,000 | 1,527,000 | 1,631,000 | 816,000 | 754,000 | 748,000 | 634,000 | 602,000 | 555,000 | 1,714,000 |
| Cash ratio | 0.46 | 0.44 | 0.32 | 0.55 | 0.59 | 0.67 | 0.90 | 0.90 | 1.06 | 0.98 | 1.28 | 0.09 | 0.11 | 0.23 | 0.18 | 0.19 | 0.42 | 0.60 | 0.32 | 0.06 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($332,000K
+ $—K)
÷ $718,000K
= 0.46
Clearway Energy Inc Class C's cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has fluctuated over the past few years. The cash ratio increased steadily from 0.06 as of March 31, 2020, reaching its peak at 1.28 as of June 30, 2022. This significant increase indicates that the company had a higher level of cash compared to its current liabilities during that period.
Subsequently, the cash ratio started to decline, dropping to 0.55 as of March 31, 2024. This decrease may suggest that Clearway Energy Inc Class C’s cash position relative to its short-term obligations has weakened. However, it is important to note that a cash ratio above 1.0 indicates that the company has more cash on hand than short-term liabilities, which may be seen as a positive sign.
Overall, Clearway Energy Inc Class C's cash ratio has shown variability but has generally remained above 0.1, indicating that the company has had a reasonable level of ability to meet its short-term obligations with its cash holdings. Investors and stakeholders may continue to monitor the trend of the cash ratio to assess the company's liquidity position in the near term.
Peer comparison
Dec 31, 2024