Consolidated Edison Inc (ED)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,000 | 1,189,000 | 1,282,000 | 992,000 | 1,272,000 |
| Short-term investments | US$ in thousands | — | 572,000 | 544,000 | 992,000 | 1,272,000 |
| Total current liabilities | US$ in thousands | 1,036,000 | 6,462,000 | 11,336,000 | 5,427,000 | 7,354,000 |
| Cash ratio | 0.00 | 0.27 | 0.16 | 0.37 | 0.35 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,000K
+ $—K)
÷ $1,036,000K
= 0.00
The cash ratio for Consolidated Edison Inc has fluctuated over the past five years, starting at 0.35 in December 31, 2020 and peaking at 0.37 in December 31, 2021. However, there was a significant decrease in the cash ratio to 0.16 in December 31, 2022 followed by an increase to 0.27 in December 31, 2023. The ratio dropped to 0.00 in December 31, 2024, suggesting that the company may be facing challenges in maintaining sufficient cash reserves to cover its current liabilities. Further examination of the company's cash management practices and liquidity position is recommended to understand the reasons behind this downward trend in the cash ratio.
Peer comparison
Dec 31, 2024