Edison International (EIX)
Cash 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 and cash equivalents | US$ in thousands | 193,000 | 200,000 | 504,000 | 992,000 | 345,000 | 446,000 | 195,000 | 836,000 | 914,000 | 232,000 | 122,000 | 231,000 | 390,000 | 524,000 | 84,000 | 389,000 | 87,000 | 92,000 | 524,000 | 1,337,000 |
| Short-term investments | US$ in thousands | — | 67,000 | — | -4,288,000 | — | — | — | — | — | — | — | — | — | 13,000 | 21,000 | 59,000 | 53,000 | 85,000 | — | — |
| Total current liabilities | US$ in thousands | 8,439,000 | 8,507,000 | 8,274,000 | 7,907,000 | 8,598,000 | 9,027,000 | 8,827,000 | 8,366,000 | 10,347,000 | 10,820,000 | 9,262,000 | 8,342,000 | 8,609,000 | 8,962,000 | 7,815,000 | 9,497,000 | 10,277,000 | 8,616,000 | 5,899,000 | 6,248,000 |
| Cash ratio | 0.02 | 0.03 | 0.06 | -0.42 | 0.04 | 0.05 | 0.02 | 0.10 | 0.09 | 0.02 | 0.01 | 0.03 | 0.05 | 0.06 | 0.01 | 0.05 | 0.01 | 0.02 | 0.09 | 0.21 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($193,000K
+ $—K)
÷ $8,439,000K
= 0.02
The cash ratio of Edison International has shown fluctuations over the reported periods. The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio is generally considered more favorable as it suggests a greater ability to meet short-term obligations.
Edison International's cash ratio ranged from 0.01 to 0.21 over the reported periods. The ratio hit its peak in March 2020 at 0.21, indicating a strong ability to cover short-term obligations with cash on hand. However, the ratio dropped significantly in subsequent periods, reaching a low of -0.42 in March 2024. A negative cash ratio indicates that the company's short-term liabilities exceed its available cash.
Overall, while the cash ratio fluctuated throughout the reporting periods, it is essential for Edison International to maintain a healthy cash position to ensure liquidity and meet its short-term financial obligations. Investors and analysts should continue to monitor the cash ratio trend to assess the company's financial health and ability to manage its short-term liquidity needs effectively.
Peer comparison
Dec 31, 2024