Edison International (EIX)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,000 | 345,000 | 914,000 | 390,000 | 87,000 |
| Short-term investments | US$ in thousands | — | -501,000 | — | — | 53,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 8,439,000 | 8,598,000 | 10,347,000 | 8,609,000 | 10,277,000 |
| Quick ratio | 0.00 | -0.02 | 0.09 | 0.05 | 0.01 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,000K
+ $—K
+ $—K)
÷ $8,439,000K
= 0.00
The quick ratio of Edison International has shown fluctuations over the years based on the provided data. As of December 31, 2020, the quick ratio was extremely low at 0.01, indicating a limited ability to cover immediate liabilities with its most liquid assets. However, there was a significant improvement by December 31, 2021, with the quick ratio increasing to 0.05, suggesting a better short-term liquidity position.
By December 31, 2022, the quick ratio further improved to 0.09, reflecting a more favorable ability to meet short-term obligations without relying heavily on inventory. However, there seemed to be a decline by December 31, 2023, where the quick ratio turned negative at -0.02, possibly indicating challenges in meeting immediate liabilities with available liquid assets.
The quick ratio remained unchanged at 0.00 by December 31, 2024, which could imply a potential concern regarding the company's short-term liquidity position. Overall, Edison International's quick ratio has varied over the years, highlighting the importance of monitoring liquidity levels to ensure the company can meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024