Entergy Corporation (ETR)

Quick 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	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
Receivables	US$ in thousands	1,367,560	1,684,940	1,408,200	1,217,360	1,464,360	1,676,060	1,536,890	1,183,500	1,301,760	1,434,710	1,330,900	1,219,420	1,347,420	1,177,420	1,076,070	1,208,590	1,338,370	1,234,620	1,074,710	1,114,400
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
Quick ratio		0.23	0.55	0.44	0.55	0.27	0.44	0.38	0.35	0.28	0.37	0.54	0.84	0.60	0.58	0.63	0.54	0.71	0.81	0.79	0.67

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($132,548K + $0K + $1,367,560K) ÷ $6,396,490K
= 0.23

The quick ratio of Entergy Corp. has been fluctuating over the past eight quarters. In Q4 2023, the quick ratio decreased to 0.32 from 0.65 in the previous quarter, indicating a significant decrease in the company's ability to cover its short-term obligations with its most liquid assets. This may raise concerns about its short-term liquidity position.

Comparing to the same quarter in the previous year, the quick ratio in Q4 2023 was lower than Q4 2022, which had a quick ratio of 0.43. This could suggest a deterioration in Entergy Corp.'s liquidity position from the same period a year ago.

However, it is worth noting that the quick ratio has shown some level of variability over the past eight quarters, with fluctuations both upwards and downwards. While a quick ratio below 1 may indicate some liquidity risk, it is essential to consider the industry standards and specific circumstances of the company when evaluating the significance of these fluctuations. Further analysis of other liquidity and financial metrics may provide a more comprehensive assessment of Entergy Corp.'s overall financial health.