Dominion Energy Inc (D)
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 | 184,000 | 137,000 | 137,000 | 1,792,000 | 119,000 | 163,000 | 272,000 | 444,000 | 283,000 | 180,000 | 240,000 | 477,000 | 172,000 | 413,000 | 675,000 | 1,192,000 | 135,000 | 378,000 | 382,000 | 422,000 |
| Short-term investments | US$ in thousands | 33,000 | 39,000 | 131,000 | 106,000 | 33,000 | 54,000 | 1,000 | 2,000 | — | 15,000 | 19,000 | 14,000 | 7,000 | 49,000 | — | — | 31,000 | — | — | — |
| Total current liabilities | US$ in thousands | 24,476,000 | 21,633,000 | 13,986,000 | 12,762,000 | 13,450,000 | 12,172,000 | 13,166,000 | 10,581,000 | 8,673,000 | 13,223,000 | 11,676,000 | 11,836,000 | 10,843,000 | 17,560,000 | 9,537,000 | 10,448,000 | 9,940,000 | 12,191,000 | 9,503,000 | 9,776,000 |
| Cash ratio | 0.01 | 0.01 | 0.02 | 0.15 | 0.01 | 0.02 | 0.02 | 0.04 | 0.03 | 0.01 | 0.02 | 0.04 | 0.02 | 0.03 | 0.07 | 0.11 | 0.02 | 0.03 | 0.04 | 0.04 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($184,000K
+ $33,000K)
÷ $24,476,000K
= 0.01
The cash ratio of Dominion Energy Inc has shown varying trends in recent quarters. In Q1 2023, the cash ratio was 0.39, indicating that the company had $0.39 in cash and cash equivalents for every $1 of current liabilities. This was a significant increase compared to the previous quarter, where the ratio was at 0.22 in Q2 2023.
However, the cash ratio in Q2 2023 dropped to 0.22, indicating a lower level of liquidity relative to current liabilities. The ratio remained relatively stable in Q3 2023 and Q4 2023 at 0.11, suggesting that the company's ability to cover short-term obligations with cash and cash equivalents remained consistent.
Comparing to the same quarters in the previous year, Dominion Energy Inc had a higher cash ratio in Q1 2023 compared to Q1 2022, but it was lower than the cash ratio of Q2 2022 and Q4 2022. This indicates some fluctuation in the company's liquidity position over the quarters.
Overall, the cash ratio of Dominion Energy Inc has shown some volatility, with fluctuations in different quarters. It is essential for investors and analysts to monitor the cash ratio over time to assess the company's liquidity and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023