Duke Energy Corporation (DUK)
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 | 314,000 | 376,000 | 390,000 | 492,000 | 329,000 | 324,000 | 377,000 | 451,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | 74,000 | — | -9,245,000 | -9,565,000 | 93,000 | — | 188,000 | 297,000 | 94,000 | — | 4,000 | 52,000 | 160,000 | 18,000 | 3,000 | 3,000 | 3,000 |
| Total current liabilities | US$ in thousands | 19,357,000 | 17,427,000 | 15,482,000 | 15,546,000 | 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 |
| Cash ratio | 0.02 | 0.02 | 0.03 | 0.04 | 0.02 | -0.52 | -0.53 | 0.03 | 0.02 | 0.04 | 0.04 | 0.06 | 0.02 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.10 |
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 for Duke Energy Corporation has fluctuated over the periods specified in the data. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to June 30, 2020, the cash ratio decreased significantly from 0.10 to 0.02, indicating a lower ability to cover short-term liabilities with available cash. However, this ratio remained stable at 0.02 from June 30, 2020, to December 31, 2020.
There was a slight increase in the cash ratio to 0.03 by March 31, 2021, and this ratio remained relatively stable at around 0.03 to 0.04 until June 30, 2022. Notably, there was a significant decline in the cash ratio to -0.53 by June 30, 2023, which suggests that the company's short-term liabilities exceeded its available cash and cash equivalents during that period.
Subsequently, the cash ratio recovered to 0.04 by September 30, 2023, showing an improvement in the company's ability to cover short-term obligations with cash on hand. The ratio continued to improve and reached 0.04 by December 31, 2024, reflecting a slight increase in the company's liquidity position.
Overall, while there were fluctuations in Duke Energy Corporation's cash ratio over the periods analyzed, the company demonstrated some volatility in its ability to cover short-term liabilities with cash and cash equivalents. It is essential for stakeholders to monitor these changes to assess the company's liquidity and financial health effectively.
Peer comparison
Dec 31, 2024