Entergy Corporation (ETR)
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 | 859,703 | 1,411,810 | 1,355,160 | 1,294,860 | 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 | 1,759,100 | 1,239,660 | 935,468 | 1,463,830 |
| Short-term investments | US$ in thousands | — | 1,320,560 | 1,272,310 | 1,229,910 | — | 1,414,490 | 1,126,620 | 1,907,790 | 108,874 | -22,076 | 513,624 | 408,892 | 270,947 | 956 | 530 | 1,675 | 1,630,250 | 1,195,800 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,111,040 | 5,859,250 | 5,487,180 | 6,884,530 | 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 | 7,060,510 | 6,875,530 | 6,115,900 | 6,017,940 |
| Quick ratio | 0.14 | 0.47 | 0.48 | 0.37 | 0.02 | 0.50 | 0.39 | 0.67 | 0.05 | 0.16 | 0.20 | 0.21 | 0.12 | 0.15 | 0.18 | 0.39 | 0.48 | 0.35 | 0.15 | 0.24 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($859,703K
+ $—K
+ $—K)
÷ $6,111,040K
= 0.14
The quick ratio, also known as the acid-test ratio, measures a company's short-term liquidity or its ability to meet its short-term liabilities with its most liquid assets. Entergy Corporation's quick ratio fluctuated over the periods provided in the data.
The quick ratio ranged from a low of 0.02 as of December 31, 2023, to a high of 0.67 as of March 31, 2023. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations using its liquid assets alone.
Overall, the quick ratio trended downwards from March 31, 2023, suggesting potential issues with liquidity in the short term. The ratio improved in the subsequent periods but remained relatively low, indicating that Entergy Corporation may have faced challenges in meeting its short-term obligations with its current assets. It is important for the company to closely monitor its liquidity position to ensure it can meet its financial commitments as they come due.
Peer comparison
Dec 31, 2024