Entergy Corporation (ETR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,660,870 | 5,329,660 | 4,692,610 | 5,266,240 | 4,095,030 | 5,509,800 | 4,795,410 | 3,839,000 | 3,623,600 | 4,232,670 | 3,794,710 | 4,788,550 | 4,062,800 | 3,547,000 | 3,973,950 | 3,045,990 | 3,661,670 | 3,283,510 | 3,407,780 | 2,958,060 |
| 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 |
| Current ratio | 0.57 | 0.91 | 0.80 | 0.90 | 0.64 | 0.90 | 0.87 | 0.72 | 0.59 | 0.64 | 1.00 | 1.06 | 0.59 | 0.58 | 0.66 | 0.54 | 0.72 | 0.73 | 0.70 | 0.54 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,660,870K ÷ $6,396,490K
= 0.57
The current ratio of Entergy Corp. has fluctuated over the past eight quarters. It was relatively low at 0.57 in Q4 2023, indicating that the company may have difficulty meeting its short-term obligations with its current assets alone. This was a significant decrease from the previous quarter's current ratio of 0.91.
Looking back over Q3 and Q2 2023, the current ratio stood at 0.91 and 0.80 respectively, showing some level of stability, but dropped to 0.90 in Q1 2023. The company's current ratio had also been relatively low in Q4 2022, at 0.64, before improving to 0.90 in Q3 2022 and 0.87 in Q2 2022.
The highest current ratio observed in the provided data was in Q3 2022, at 0.90, and the lowest was in Q4 2022, at 0.64. These fluctuations in the current ratio over the past eight quarters suggest varying levels of liquidity and ability to cover short-term obligations with current assets. Further analysis and monitoring may be necessary to assess Entergy Corp.'s financial stability and ability to manage its short-term liabilities effectively.
Peer comparison
Dec 31, 2023