Consolidated Edison Inc (ED)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,036,000 | 6,462,000 | 11,336,000 | 5,427,000 | 7,354,000 |
| Quick ratio | 0.00 | 0.27 | 0.16 | 0.37 | 0.35 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,000K
+ $—K
+ $—K)
÷ $1,036,000K
= 0.00
Consolidated Edison Inc's quick ratio, a measure of short-term liquidity, has shown fluctuations over the past five years. The quick ratio increased from 0.35 in December 31, 2020, to 0.37 in December 31, 2021, indicating a slight improvement in the company's ability to cover its current liabilities with its most liquid assets. However, there was a significant decline in the quick ratio to 0.16 in December 31, 2022, which suggests potential liquidity challenges.
The quick ratio then improved to 0.27 in December 31, 2023, signaling a better ability to meet short-term obligations. Notably, the quick ratio dropped sharply to 0.00 in December 31, 2024, which could be a cause for concern as it implies that the company may not have enough liquid assets to cover its current liabilities.
Overall, the trend in Consolidated Edison Inc's quick ratio indicates some variability in its short-term liquidity position, with periods of improvement and deterioration. It would be important for stakeholders to monitor this ratio closely to assess the company's ability to meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024