Duke Energy Corporation (DUK)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 253,000 | 409,000 | 341,000 | 259,000 | 311,000 |
| Short-term investments | US$ in thousands | — | — | 2,000 | 18,000 | 6,000 |
| Receivables | US$ in thousands | 4,292,000 | 4,563,000 | 3,401,000 | 3,113,000 | 2,837,000 |
| Total current liabilities | US$ in thousands | 17,283,000 | 18,873,000 | 15,931,000 | 16,305,000 | 14,752,000 |
| Quick ratio | 0.26 | 0.26 | 0.24 | 0.21 | 0.21 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($253,000K
+ $—K
+ $4,292,000K)
÷ $17,283,000K
= 0.26
The quick ratio of Duke Energy Corp. has been fluctuating over the past five years, ranging from 0.34 to 0.50. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets.
A quick ratio of 0.49 as of December 31, 2023, indicates that for every $1 of current liabilities, Duke Energy only had $0.49 of highly liquid assets available to cover those obligations. While the ratio improved compared to the previous year, it still suggests that the company may face challenges in meeting its short-term financial obligations.
Overall, the trend in the quick ratio for Duke Energy Corp. shows some variability, which may warrant further analysis to understand the factors influencing the company's liquidity position and ability to manage its short-term obligations effectively.
Peer comparison
Dec 31, 2023