Entergy Corporation (ETR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 859,703 | 132,548 | 224,164 | 442,559 | 1,759,100 |
| Short-term investments | US$ in thousands | — | 69,494 | 108,874 | 270,947 | 1,630,250 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,865,060 | 6,396,490 | 6,369,450 | 6,190,740 | 7,060,510 |
| Quick ratio | 0.15 | 0.03 | 0.05 | 0.12 | 0.48 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($859,703K
+ $—K
+ $—K)
÷ $5,865,060K
= 0.15
The quick ratio of Entergy Corporation has shown a declining trend over the past five years, from 0.48 in December 2020 to 0.15 in December 2024. This indicates a significant decrease in the company's ability to meet its short-term obligations using its most liquid assets. The ratio has dropped below 1, suggesting that Entergy may face challenges in covering its current liabilities with its quick assets alone. A quick ratio below 1 raises concerns about the company's liquidity and ability to handle immediate financial obligations. Further analysis of the company's current assets and liabilities is recommended to assess the overall financial health and liquidity position of Entergy Corporation.
Peer comparison
Dec 31, 2024