Duke Energy Corporation (DUK)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 314,000 | 253,000 | 409,000 | 343,000 | 259,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 18,000 |
| Total current liabilities | US$ in thousands | 19,357,000 | 17,283,000 | 18,873,000 | 15,931,000 | 16,305,000 |
| Cash ratio | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($314,000K
+ $—K)
÷ $19,357,000K
= 0.02
The cash ratio of Duke Energy Corporation has remained relatively stable over the years, ranging between 0.01 and 0.02. This indicates that Duke Energy Corporation may have a limited ability to cover its short-term liabilities solely with its cash reserves. A cash ratio of less than 1 suggests that the company may need to rely on other sources of liquidity, such as short-term investments or borrowing, to meet its short-term obligations. It is essential for the company to closely monitor its cash position and liquidity management to ensure it can meet its financial commitments as they come due.
Peer comparison
Dec 31, 2024