Clearway Energy Inc Class C (CWEN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,067,000 | 1,051,000 | 1,021,000 | 1,497,000 | 1,560,000 | 1,734,000 | 1,289,000 | 1,289,000 | 1,276,000 | 1,488,000 | 1,635,000 | 1,373,000 | 1,531,000 | 853,000 | 767,000 | 734,000 | 708,000 | 773,000 | 654,000 | 554,000 |
| 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 |
| Current ratio | 1.49 | 1.59 | 1.46 | 1.71 | 1.72 | 2.05 | 2.13 | 2.02 | 2.07 | 1.84 | 2.18 | 0.90 | 0.94 | 1.05 | 1.02 | 0.98 | 1.12 | 1.28 | 1.18 | 0.32 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,067,000K ÷ $718,000K
= 1.49
The current ratio of Clearway Energy Inc Class C has shown fluctuations over the analyzed periods. It started at a low of 0.32 on March 31, 2020, indicating a potential liquidity issue with inadequate current assets to cover current liabilities. However, the ratio improved significantly to 2.18 on June 30, 2022, signaling a strong ability to meet short-term obligations with current assets.
Subsequently, the current ratio fluctuated within a range, but generally remained above 1, indicating the company's ability to cover its short-term liabilities with current assets. The ratio dropped to 1.46 on June 30, 2024, suggesting a slight decrease in liquidity compared to the previous quarter.
Overall, the current ratio of Clearway Energy Inc Class C demonstrates varying levels of liquidity over time, with periods of improvement and decline. It is important for investors and stakeholders to monitor these fluctuations to assess the company's short-term financial health and ability to meet its obligations.
Peer comparison
Dec 31, 2024