Consolidated Edison Inc (ED)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,664,000 | 6,080,000 | 6,487,000 | 6,166,000 | 6,537,000 | 5,939,000 | 6,203,000 | 5,868,000 | 12,972,000 | 5,733,000 | 6,016,000 | 5,462,000 | 5,551,000 | 5,096,000 | 5,110,000 | 4,587,000 | 5,301,000 | 4,204,000 | 4,564,000 | 5,026,000 |
| 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 |
| Current ratio | 1.04 | 1.01 | 1.04 | 0.99 | 1.01 | 0.98 | 1.02 | 1.20 | 1.14 | 0.83 | 0.88 | 1.01 | 1.02 | 0.97 | 0.92 | 0.70 | 0.72 | 0.59 | 0.68 | 0.80 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,664,000K ÷ $6,433,000K
= 1.04
Consolidated Edison Inc's current ratio has exhibited fluctuations over the past few years. The current ratio is a measure of a company's ability to meet its short-term obligations with its current assets, where a ratio greater than 1 indicates the company has more current assets than current liabilities.
As of December 31, 2024, Consolidated Edison Inc's current ratio stands at 1.04, indicating that the company has $1.04 in current assets for every $1 in current liabilities. This suggests that the company is in a strong position to cover its short-term obligations.
It is important to note the trend in the current ratio over time for a more comprehensive analysis. From the data provided, we see the current ratio for Consolidated Edison Inc has experienced some fluctuations, with a general upward trend in recent periods. This indicates an improvement in the company's liquidity position, which could be a positive sign for its financial health.
Overall, based on the current ratio trend and the most recent value of 1.04, Consolidated Edison Inc appears to have a satisfactory level of liquidity to meet its short-term obligations as of December 31, 2024.
Peer comparison
Dec 31, 2024