Evergy, Inc. (EVRG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 100 | 27,700 | 25,200 | 26,200 | 144,900 |
| Short-term investments | US$ in thousands | — | 41,700 | — | — | 186,000 |
| Total current liabilities | US$ in thousands | 1,139,900 | 3,512,600 | 3,493,800 | 3,102,900 | 2,355,800 |
| Cash ratio | 0.00 | 0.02 | 0.01 | 0.01 | 0.14 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($100K
+ $—K)
÷ $1,139,900K
= 0.00
The cash ratio of Evergy, Inc. measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. Looking at the trend from December 31, 2020, to December 31, 2024, the cash ratio decreased significantly from 0.14 in 2020 to 0.00 in 2024. This decline indicates a weakening ability of the company to meet its short-term obligations solely with its cash reserves. A cash ratio of 0.00 means that the company's cash and cash equivalents are not sufficient to cover its current liabilities. It may suggest that Evergy, Inc. could face liquidity challenges in the future if this trend continues. Further analysis of the company's cash management and liquidity position is recommended to address this declining trend in the cash ratio.
Peer comparison
Dec 31, 2024