Eversource Energy (ES)
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 | 26,656 | 97,888 | 33,381 | 259,213 | 53,873 | 78,813 | 42,182 | 35,975 | 374,603 | 485,716 | 29,540 | 46,175 | 66,773 | 88,204 | 217,397 | 34,112 | 106,599 | 729,993 | 64,890 | 47,425 |
| Short-term investments | US$ in thousands | — | 97,790,100 | — | — | — | -2,721,210 | 2,224,720 | — | -366,508 | — | — | — | — | — | 1,205,300 | 1,139,640 | 1,107,140 | 903,177 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,720,960 | 5,619,820 | 6,253,150 | 6,367,590 | 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 |
| Quick ratio | 0.00 | 17.42 | 0.01 | 0.04 | 0.01 | -0.37 | 0.39 | 0.01 | 0.00 | 0.09 | 0.01 | 0.01 | 0.01 | 0.02 | 0.28 | 0.21 | 0.25 | 0.45 | 0.02 | 0.01 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($26,656K
+ $—K
+ $—K)
÷ $6,720,960K
= 0.00
The quick ratio for Eversource Energy has shown significant fluctuations over the periods analyzed. From March 31, 2020, to September 30, 2020, there was a notable increase in the quick ratio from 0.01 to 0.45, indicating a healthier liquidity position. However, this improvement was not sustained as the ratio decreased to 0.25 by December 31, 2020.
Subsequently, the quick ratio continued to fluctuate within a range of 0.21 to 0.28 until September 30, 2021, when it dropped to 0.02. This low level was maintained through the end of 2021.
In the first half of 2022, the quick ratio remained at a low level of around 0.01 before increasing to 0.09 by September 30, 2022. However, by the end of 2022, the quick ratio dropped to 0.00, indicating limited ability to meet short-term obligations with current assets.
The quick ratio bounced back significantly in the first half of 2023, reaching 0.39 by June 30, only to drop to -0.37 by September 30, 2023, which may suggest potential liquidity issues. From there, the ratio recovered to a more reasonable level by the end of 2023 at 0.01.
In 2024, there was an extraordinary spike in the quick ratio to 17.42 by September 30, indicating a substantial increase in liquid assets relative to current liabilities. This anomaly may require further investigation to understand the underlying reasons behind such a significant change.
Overall, the quick ratio for Eversource Energy has exhibited considerable variability, indicating fluctuations in the company's short-term liquidity position over the periods analyzed.
Peer comparison
Dec 31, 2024