Duke Energy Corporation (DUK)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
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 fluctuated over the past few years, ranging from as low as 0.02 to as high as 0.06. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1.0 usually indicates potential liquidity issues, as the company may struggle to cover its short-term liabilities.
In the most recent period, the quick ratio was 0.04 as of June 30, 2024, which suggests that Duke Energy Corporation may have an improved ability to cover its short-term obligations with its liquid assets compared to previous periods. However, it is essential to monitor this ratio over time and in conjunction with other financial metrics to assess the company's overall liquidity position accurately.
Peer comparison
Dec 31, 2024