Consolidated Edison Inc (ED)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,324,000K
+ $—K
+ $—K)
÷ $6,433,000K
= 0.21
The quick ratio of Consolidated Edison Inc has shown fluctuating trends over the periods provided in the data. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio was relatively low at 0.22 as of March 31, 2020, indicating a potential liquidity issue. The ratio decreased further to 0.17 by June 30, 2020, before dropping significantly to 0.04 by September 30, 2020. This low ratio suggests the company may have difficulty in meeting its short-term liabilities with its quick assets.
There was a notable improvement in the quick ratio to 0.35 by December 31, 2020, which indicates a better ability to cover short-term obligations. However, the ratio declined to 0.02 by March 31, 2021, reflecting potential liquidity challenges once again.
The quick ratio fluctuated over the following periods, showing mixed results. It was 0.19 as of June 30, 2021, increased to 0.28 by December 31, 2021, dropped to 0.04 by March 31, 2022, and then rose to 0.33 by June 30, 2022.
In the most recent periods, the quick ratio decreased to 0.01 by September 30, 2022, improved to 0.16 by March 31, 2023 and then to 0.33 by June 30, 2023. The ratio decreased to 0.09 by September 30, 2023, increased to 0.19 by December 31, 2023, dropped to 0.03 by March 31, 2024, and then improved to 0.24 by June 30, 2024.
Overall, the quick ratio of Consolidated Edison Inc has been volatile, indicating varying levels of liquidity and the need for closer monitoring of the company's ability to meet short-term obligations with its quick assets.
Peer comparison
Dec 31, 2024