Dominion Energy Inc (D)
Cash 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 and cash equivalents | US$ in thousands | 310,000 | 1,776,000 | 184,000 | 295,000 | 268,000 | 137,000 | 137,000 | 1,792,000 | 153,000 | 163,000 | 272,000 | 444,000 | 283,000 | 180,000 | 240,000 | 477,000 | 172,000 | 413,000 | 675,000 | 1,192,000 |
| Short-term investments | US$ in thousands | — | 7,665,000 | — | — | — | 536,000 | 131,000 | 106,000 | 605,000 | 54,000 | 2,000,000 | 53,000 | 18,000 | — | — | 2,949,000 | 2,934,000 | — | — | 11,000 |
| Total current liabilities | US$ in thousands | 9,289,000 | 10,832,000 | 11,506,000 | 15,418,000 | 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 |
| Cash ratio | 0.03 | 0.87 | 0.02 | 0.02 | 0.01 | 0.03 | 0.02 | 0.15 | 0.06 | 0.02 | 0.17 | 0.05 | 0.03 | 0.01 | 0.02 | 0.29 | 0.29 | 0.02 | 0.07 | 0.12 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($310,000K
+ $—K)
÷ $9,289,000K
= 0.03
The cash ratio of Dominion Energy Inc fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio started at 0.12 on March 31, 2020, indicating that Dominion Energy had $0.12 in cash and cash equivalents for every $1 of short-term liabilities. The ratio decreased to 0.07 on June 30, 2020, and further dropped to 0.02 on September 30, 2020, signaling potential liquidity challenges.
However, there was an improvement in the cash ratio to 0.29 on both December 31, 2020, and March 31, 2021. This indicates a significant increase in cash reserves relative to short-term liabilities. The ratio then decreased to 0.02 on June 30, 2021, signaling a decrease in liquidity.
Subsequently, the cash ratio fluctuated between 0.01 and 0.17 over the following quarters, with a notable peak at 0.87 on September 30, 2024. This sharp increase suggests an exceptional increase in cash reserves compared to short-term liabilities, indicating robust liquidity.
Overall, the cash ratio of Dominion Energy Inc varied significantly over the period, reflecting fluctuations in cash holdings and short-term liabilities that can impact the company's liquidity position. It is essential for investors and stakeholders to monitor these changes to assess the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024