Entergy Corporation (ETR)

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	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018
Cash and cash equivalents	US$ in thousands	132,548	1,519,770	1,194,340	1,970,510	224,164	1,003,490	579,889	701,591	442,559	1,000,040	686,881	1,742,660	1,239,660	935,468	1,463,830	425,722	955,831	635,909	983,496	480,975
Short-term investments	US$ in thousands	0	0	0	0	0	0	0	0	0	0	53,000	807,000	1,505,000	1,417,000	1,266,000	1,412,000	1,342,000	1,792,000	1,787,000	2,075,000
Total current liabilities	US$ in thousands	6,396,490	5,848,690	5,881,280	5,825,330	6,369,450	6,154,880	5,541,620	5,363,180	6,190,740	6,644,900	3,804,540	4,511,910	6,875,530	6,115,900	6,017,940	5,620,460	5,103,050	4,522,610	4,861,080	5,443,540
Cash ratio		0.02	0.26	0.20	0.34	0.04	0.16	0.10	0.13	0.07	0.15	0.19	0.57	0.40	0.38	0.45	0.33	0.45	0.54	0.57	0.47

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($132,548K + $0K) ÷ $6,396,490K
= 0.02

The cash ratio measures a company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates stronger liquidity and financial stability.

Entergy Corp.'s cash ratio has varied over the past eight quarters, ranging from 0.10 to 0.45. In Q4 2023, the cash ratio dropped to 0.10, suggesting that the company's cash and cash equivalents were relatively low compared to its short-term liabilities. This could potentially indicate a liquidity challenge in the most recent quarter.

In contrast, the cash ratio was at its highest in Q1 2023 at 0.45, indicating a more comfortable position in terms of liquidity. The company had sufficient cash on hand to cover its short-term obligations during that period.

Overall, Entergy Corp. has experienced fluctuations in its cash ratio, signaling changing levels of liquidity and potential variations in its ability to meet short-term obligations with available cash. Monitoring these trends can provide insights into the company's financial health and cash management practices.