Evergy Inc. Common Stock (EVRG)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 27,700 | 25,200 | 26,200 | 144,900 | 23,200 |
| Short-term investments | US$ in thousands | — | — | — | 186,000 | — |
| Total current liabilities | US$ in thousands | 3,512,600 | 3,493,800 | 3,102,900 | 2,355,800 | 2,335,900 |
| Cash ratio | 0.01 | 0.01 | 0.01 | 0.14 | 0.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($27,700K
+ $—K)
÷ $3,512,600K
= 0.01
The cash ratio of Evergy Inc has fluctuated over the past five years. The ratio decreased from 0.14 in 2019 to 0.11 in 2023, indicating a decrease in the company's ability to cover its short-term liabilities with its cash reserves. This decline suggests that Evergy Inc may have allocated more of its liquid assets into other investments or operations, potentially reducing its financial flexibility in meeting immediate obligations. It is important for the company to closely monitor its cash management strategies to ensure sufficient liquidity to support its ongoing operations and financial health.
Peer comparison
Dec 31, 2023