Dominion Energy Inc (D)
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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($310,000K
+ $—K
+ $—K)
÷ $9,289,000K
= 0.03
Dominion Energy Inc's quick ratio has shown fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
As of December 31, 2024, the quick ratio was 0.03, indicating that Dominion Energy had $0.03 in liquid assets available to cover each dollar of current liabilities. This suggests a relatively weak liquidity position at that point in time.
The quick ratio has ranged from as low as 0.01 to as high as 0.87 during the period from March 31, 2020, to December 31, 2024. The quick ratio hit its lowest point in September 30, 2021, at 0.01, signaling potential liquidity challenges. On the other hand, the ratio peaked at 0.87 on September 30, 2024, indicating a strong ability to cover current liabilities with liquid assets at that specific quarter.
Overall, fluctuations in Dominion Energy's quick ratio suggest variability in its ability to meet short-term obligations with liquid assets. It is important for the company to maintain a healthy level of liquidity to ensure financial stability and meet its short-term obligations as they come due.
Peer comparison
Dec 31, 2024