Edison International (EIX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,811,000 | 7,070,000 | 5,491,000 | 5,061,000 | 3,560,000 |
| Total current liabilities | US$ in thousands | 8,598,000 | 10,347,000 | 8,609,000 | 10,277,000 | 5,523,000 |
| Current ratio | 0.79 | 0.68 | 0.64 | 0.49 | 0.64 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,811,000K ÷ $8,598,000K
= 0.79
The current ratio of Edison International has exhibited fluctuating trends over the past five years. As of December 31, 2023, the current ratio stands at 0.79, indicating an improvement compared to the previous year. However, when assessed over a longer period, the current ratio has displayed a somewhat volatile pattern, with notable decreases in 2020 and 2022. The current ratio of 0.79 in 2023 suggests that the company may have sufficient current assets to cover its short-term liabilities, implying improved liquidity position compared to the prior year. Continual monitoring of the current ratio is advisable to assess Edison International's ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023