Clearway Energy Inc Class C (CWEN)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | 150,000 | 153,000 | 200,000 | 224,000 | 153,000 | 144,000 | 203,000 | 204,000 | 159,000 | 143,000 | 156,000 | 161,000 | 100,000 |
| 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 |
| Quick ratio | 0.46 | 0.44 | 0.32 | 0.55 | 0.59 | 0.67 | 0.90 | 1.14 | 1.31 | 1.23 | 1.57 | 0.19 | 0.20 | 0.48 | 0.45 | 0.41 | 0.65 | 0.86 | 0.61 | 0.12 |
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 has shown fluctuations over the analyzed periods. It was relatively low in the initial periods, reflecting potentially weaker liquidity and a higher dependence on inventory or other current assets that may take longer to convert to cash.
However, over time, the quick ratio improved significantly from March 31, 2022, reaching a peak of 1.57 on June 30, 2022, indicating a stronger ability to meet short-term obligations using only its most liquid assets. This improvement suggests enhanced liquidity and a more conservative approach to managing current liabilities.
Despite some fluctuations in the later periods, the quick ratio generally remained above 1, indicating that Clearway Energy Inc Class C had an adequate level of liquid assets to cover its current liabilities. A quick ratio above 1 typically indicates a strong financial position and the ability to meet short-term obligations without having to rely heavily on selling inventory or other less liquid assets.
Overall, the trend in Clearway Energy Inc Class C's quick ratio shows a positive shift towards improved liquidity management and a stronger financial position, which may enhance the company's ability to weather potential short-term financial challenges.
Peer comparison
Dec 31, 2024