Duke Energy Corporation (DUK)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 314,000 | 253,000 | 409,000 | 343,000 | 259,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 18,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 19,357,000 | 17,283,000 | 18,873,000 | 15,931,000 | 16,305,000 |
| Quick ratio | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($314,000K
+ $—K
+ $—K)
÷ $19,357,000K
= 0.02
The quick ratio of Duke Energy Corporation has remained relatively stable over the past five years, ranging between 0.01 and 0.02. This indicates that the company may have limited short-term liquidity to cover its current obligations with its most liquid assets. A quick ratio below 1 suggests potential difficulties in meeting immediate financial obligations. Further analysis of Duke Energy's cash, marketable securities, and receivables management may be warranted to improve its liquidity position.
Peer comparison
Dec 31, 2024