Duke Energy Corporation (DUK)
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 | 253,000 | 324,000 | 567,000 | 624,000 | 409,000 | 453,000 | 428,000 | 853,000 | 341,000 | 548,000 | 367,000 | 379,000 | 259,000 | 308,000 | 341,000 | 1,450,000 | 311,000 | 379,000 | 336,000 | 377,000 |
| Short-term investments | US$ in thousands | — | -9,245,000 | -9,565,000 | 93,000 | — | 188,000 | 297,000 | — | 2,000 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 17,283,000 | 17,160,000 | 17,375,000 | 16,015,000 | 18,873,000 | 16,912,000 | 16,544,000 | 15,425,000 | 15,931,000 | 15,556,000 | 16,211,000 | 17,333,000 | 16,305,000 | 16,693,000 | 16,690,000 | 15,170,000 | 14,752,000 | 13,390,000 | 13,447,000 | 12,282,000 |
| Cash ratio | 0.01 | -0.52 | -0.52 | 0.04 | 0.02 | 0.04 | 0.04 | 0.06 | 0.02 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.10 | 0.02 | 0.03 | 0.02 | 0.03 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($253,000K
+ $—K)
÷ $17,283,000K
= 0.01
The cash ratio for Duke Energy Corp. has shown some fluctuation over the past eight quarters, ranging from a low of 0.25 in Q4 2023 to a high of 0.31 in Q3 2022. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.
The decreasing trend in the cash ratio from Q3 2022 to Q4 2023 may indicate that Duke Energy Corp. could be facing challenges in maintaining sufficient cash reserves to meet its short-term obligations. A lower cash ratio could suggest potential liquidity issues that may hinder the company's ability to pay off its current liabilities in a timely manner.
However, it is important to consider other financial metrics and factors when assessing Duke Energy Corp.'s financial health comprehensively. Further analysis of the company's cash flow statement and overall liquidity position would provide more insights into its ability to manage its financial obligations effectively.
Peer comparison
Dec 31, 2023