Consolidated Edison Inc (ED)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 4,272,000 | 3,581,000 | 3,707,000 | 3,781,000 |
| Total current liabilities | US$ in thousands | 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 | 6,287,000 | 6,219,000 | 5,969,000 | 6,348,000 |
| Current ratio | 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 | 0.68 | 0.58 | 0.62 | 0.60 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,537,000K ÷ $6,462,000K
= 1.01
Consolidated Edison, Inc.'s current ratio has displayed some fluctuations over the past eight quarters. The current ratio is a measure of a company's ability to pay off its short-term liabilities using its current assets. A ratio of 1 indicates that a company's current assets can cover its current liabilities.
In Q4 2023, the current ratio stood at 1.01, indicating that the company had just enough current assets to cover its current liabilities. This ratio decreased slightly from the previous quarter and was lower than the current ratio in Q1 and Q2 of 2023.
Compared to the same quarter last year, the current ratio has improved significantly. In Q4 2022, the current ratio was 1.14, reflecting a stronger liquidity position than in the most recent quarter.
Overall, although the current ratio has fluctuated over the past eight quarters, it appears that Consolidated Edison, Inc. has maintained a relatively stable liquidity position, with current assets generally sufficient to cover current liabilities. However, investors and analysts may want to monitor these fluctuations to ensure that the company's short-term liquidity remains healthy.
Peer comparison
Dec 31, 2023