Eversource Energy (ES)

Cash ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	53,900	78,800	42,200	36,000	374,600	485,700	156,676	164,589	66,800	218,129	368,011	175,604	264,950	730,000	176,920	133,689	15,400	151,880	167,163	108,372
Short-term investments	US$ in thousands	3,300	-2,721,210	3,100	19,600	20,000	23,300	26,400	31,500	40,200	39,200	39,900	39,200	40,900	36,800	41,600	34,800	45,700	43,400	45,200	49,600
Total current liabilities	US$ in thousands	6,341,400	7,119,640	5,794,580	6,405,040	6,799,280	5,487,160	4,260,540	5,601,310	5,847,040	4,258,080	5,104,570	5,538,940	4,915,010	3,634,070	3,326,060	3,395,630	3,605,560	3,748,910	3,512,120	4,559,360
Cash ratio		0.01	-0.37	0.01	0.01	0.06	0.09	0.04	0.04	0.02	0.06	0.08	0.04	0.06	0.21	0.07	0.05	0.02	0.05	0.06	0.03

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($53,900K + $3,300K) ÷ $6,341,400K
= 0.01

The cash ratio for Eversource Energy has been relatively stable over the past eight quarters, ranging from 0.27 to 0.36. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external financing.

Eversource Energy's cash ratio has generally been above 0.3, which suggests that the company has a sufficient level of cash to cover its short-term debts. The slight fluctuations in the cash ratio may be attributed to changes in cash flows, investments, or debt repayments during different quarters.

Overall, Eversource Energy's consistent cash ratio above 0.3 indicates a healthy liquidity position, which is favorable for meeting its short-term financial obligations and potentially seizing opportunities for investment or expansion.