Consolidated Edison Inc (ED)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 981,000 | 78,000 | 831,000 | 406,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 191,000 | 21,000 | 1,127,000 | 108,000 | 992,000 | 66,000 | — | 76,000 | 1,272,000 | 153,000 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,406,000 | 2,020,000 | 1,663,000 | 2,040,000 | 2,192,000 | 2,095,000 | 2,042,000 | 2,160,000 | 1,934,000 | 1,924,000 | 1,714,000 | 1,953,000 | 1,720,000 | 1,530,000 | 1,348,000 | 1,334,000 | 1,252,000 | 1,259,000 | 1,125,000 | 1,351,000 |
| 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 |
| Quick ratio | 0.56 | 0.42 | 0.60 | 0.57 | 0.32 | 0.32 | 0.63 | 0.44 | 0.72 | 0.39 | 0.50 | 0.32 | 0.58 | 0.26 | 0.37 | 0.43 | 0.36 | 0.21 | 0.33 | 0.28 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,189,000K
+ $—K
+ $2,406,000K)
÷ $6,462,000K
= 0.56
The quick ratio of Consolidated Edison, Inc. has shown some fluctuations in recent quarters. The quick ratio is used to assess a company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
In Q4 2023, the quick ratio was 0.91, which was slightly below 1, indicating a potential liquidity concern. However, compared to the previous quarter, there was a slight improvement from 0.88 in Q3 2023.
The quick ratio was 0.92 in Q2 2023, showing a similar pattern to Q4 2023 but slightly better. The ratio improved significantly in Q1 2023 to 1.08, suggesting improved liquidity and the ability to cover short-term liabilities more comfortably.
Looking back at Q4 2022, the quick ratio was only 0.47, indicating a notable liquidity strain. However, there was a steady improvement in subsequent quarters, reaching 0.73 in Q3 2022 and 0.80 in Q2 2022 before reaching 0.92 in Q1 2022.
Overall, while the quick ratio of Consolidated Edison, Inc. has shown some variability, it is advisable for investors and stakeholders to closely monitor the company's liquidity position and assess any potential risks associated with its ability to meet short-term obligations.
Peer comparison
Dec 31, 2023