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.
Peer comparison
Dec 31, 2023