Clearway Energy Inc Class C (CWEN)
Cash 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 155,000 | 148,000 | 93,000 | 117,000 |
| Short-term investments | US$ in thousands | — | 48,000 | 34,000 | 27,000 | 26,000 | 23,000 | 9,000 | — | — | 632,000 | 639,000 | — | 741,000 | 1,001,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 2,057,000 | 2,246,000 | 2,127,000 | 1,787,000 |
| Cash ratio | 0.59 | 0.73 | 0.96 | 0.95 | 1.11 | 1.01 | 1.29 | 0.09 | 0.11 | 1.01 | 1.03 | 0.19 | 1.59 | 2.26 | 0.32 | 0.06 | 0.08 | 0.07 | 0.04 | 0.07 |
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 exhibited some fluctuations over the past eight quarters. The ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, ranged from 0.13 to 1.39 during this period.
In Q2 2022, the cash ratio peaked at 1.39, indicating a strong ability to cover short-term liabilities with cash on hand. However, in Q1 2022, the ratio dropped significantly to 0.13, suggesting a potential liquidity concern as the company may have had insufficient cash to meet its short-term obligations.
Subsequently, the ratio improved in the following quarters, reaching 1.19 in Q4 2022 and 1.02 in Q1 2023. However, there was a decline in the cash ratio in Q4 2023 to 0.71, which may raise some concerns about the company's liquidity position in that period.
Overall, while Clearway Energy Inc's cash ratio has shown some variability, indicating fluctuations in its liquidity position, it is important for stakeholders to monitor the trend over time to assess the company's ability to meet its short-term liabilities with available cash resources.
Peer comparison
Dec 31, 2023