Edison International (EIX)
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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($193,000K
+ $—K
+ $—K)
÷ $8,439,000K
= 0.02
The quick ratio of Edison International has shown significant fluctuations over the reporting periods. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
From March 31, 2020, to June 30, 2022, the quick ratio of Edison International remained below 0.1, reaching as low as -0.42 on March 31, 2024. This indicates a concerning trend where the company's current assets, excluding inventory, were insufficient to cover its current liabilities during these periods.
However, there was a slight improvement in the quick ratio from March 31, 2024, to September 30, 2024, where it increased to 0.06. This improvement suggests that the company may have better liquidity in the short term compared to the previous periods.
Overall, based on the quick ratio data provided, it is evident that Edison International faced challenges regarding its short-term liquidity in the earlier reporting periods but showed some signs of improvement in later periods. Further analysis and monitoring of the company's liquidity position are recommended to assess its financial health accurately.
Peer comparison
Dec 31, 2024