Consolidated Edison Inc (ED)
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 | 1,324,000 | 93,000 | 1,506,000 | 169,000 | 1,189,000 | 539,000 | 1,955,000 | 771,000 | 1,282,000 | 78,000 | 1,127,000 | 108,000 | 992,000 | 66,000 | 1,067,000 | 76,000 | 1,272,000 | 153,000 | 1,144,000 | 1,395,000 |
| Short-term investments | US$ in thousands | — | — | — | 48,000 | 48,000 | 26,000 | 30,000 | 26,000 | 544,000 | 21,000 | 1,127,000 | 112,000 | 525,000 | -5,000 | -3,000 | 76,000 | 1,272,000 | 153,000 | — | — |
| Total current liabilities | US$ in thousands | 6,433,000 | 6,027,000 | 6,216,000 | 6,244,000 | 6,462,000 | 6,050,000 | 6,072,000 | 4,895,000 | 11,336,000 | 6,890,000 | 6,823,000 | 5,415,000 | 5,427,000 | 5,255,000 | 5,557,000 | 6,559,000 | 7,354,000 | 7,160,000 | 6,705,000 | 6,311,000 |
| Cash ratio | 0.21 | 0.02 | 0.24 | 0.03 | 0.19 | 0.09 | 0.33 | 0.16 | 0.16 | 0.01 | 0.33 | 0.04 | 0.28 | 0.01 | 0.19 | 0.02 | 0.35 | 0.04 | 0.17 | 0.22 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,324,000K
+ $—K)
÷ $6,433,000K
= 0.21
The cash ratio of Consolidated Edison Inc fluctuated over the past few years, ranging from a low of 0.01 to a high of 0.35. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In analyzing the trend, we can observe that there were periods of relatively low cash ratios, such as in March 2021 and September 2021, indicating the company had limited cash on hand to cover its current obligations. Conversely, there were periods of higher cash ratios, such as in December 2020 and December 2021, suggesting improvements in the company's liquidity position.
It is important to note that a higher cash ratio is generally preferred as it indicates a stronger ability to meet short-term obligations without relying on external sources of funding. On the other hand, a consistently low cash ratio may raise concerns about the company's liquidity and ability to manage short-term financial obligations efficiently.
Overall, the cash ratio of Consolidated Edison Inc exhibits variability over time, reflecting fluctuations in its cash holdings and liquidity position. Stakeholders should closely monitor these ratios to assess the company's ability to manage short-term cash needs effectively.
Peer comparison
Dec 31, 2024