Clearway Energy Inc Class C (CWEN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 332,000 | 535,000 | 657,000 | 179,000 | 268,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | 153,000 | 144,000 | 143,000 |
| Total current liabilities | US$ in thousands | 718,000 | 906,000 | 617,000 | 1,631,000 | 634,000 |
| Quick ratio | 0.46 | 0.59 | 1.31 | 0.20 | 0.65 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($332,000K
+ $—K
+ $—K)
÷ $718,000K
= 0.46
The quick ratio of Clearway Energy Inc Class C, a measure of its liquidity and ability to meet short-term obligations, has varied significantly over the past five years.
As of December 31, 2020, the quick ratio was 0.65, indicating that the company had $0.65 in liquid assets available to cover each dollar of its current liabilities. This suggests the company may have faced challenges in meeting its short-term obligations at that time.
By December 31, 2021, the quick ratio decreased further to 0.20, signaling a significant decline in liquidity and a potential strain on the company's ability to meet its short-term debt obligations. This might have raised concerns among stakeholders about the company's financial health.
However, there was a notable improvement in the quick ratio by December 31, 2022, reaching 1.31. This signifies that Clearway Energy Inc Class C had more than enough liquid assets to cover its short-term liabilities, indicating a stronger liquidity position at that point in time.
Subsequently, the quick ratio declined to 0.59 by December 31, 2023, and further to 0.46 by December 31, 2024. These decreases suggest a potential decrease in the company's ability to meet its short-term obligations with its existing liquid assets compared to the previous year.
In conclusion, the quick ratio of Clearway Energy Inc Class C has shown fluctuations over the past five years, indicating varying levels of liquidity and the company's ability to meet its short-term debt obligations. It is essential for stakeholders to monitor these changes to assess the company's financial health and risk exposure.
Peer comparison
Dec 31, 2024