Evergy, Inc. (EVRG)
Cash 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 and cash equivalents | US$ in thousands | 22,000 | 34,600 | 33,800 | 63,700 | 27,700 | 41,000 | 31,400 | 28,400 | 25,200 | 24,700 | 22,400 | 22,200 | 26,200 | 25,300 | 58,400 | 482,000 | 144,900 | 361,600 | 176,200 | 304,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 184,000 | 185,000 | 186,000 | 188,000 | — | — |
| Total current liabilities | US$ in thousands | 3,662,400 | 3,607,100 | 3,310,800 | 3,189,900 | 3,512,600 | 4,809,700 | 3,951,600 | 3,466,400 | 3,493,800 | 3,671,700 | 3,859,700 | 3,391,300 | 3,102,900 | 2,670,600 | 2,703,900 | 3,244,400 | 2,355,800 | 2,098,200 | 2,086,100 | 2,397,700 |
| Cash ratio | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.09 | 0.21 | 0.14 | 0.26 | 0.08 | 0.13 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($22,000K
+ $—K)
÷ $3,662,400K
= 0.01
The cash ratio is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. For Evergy, Inc., the cash ratio fluctuated over the analyzed period from March 31, 2020, to December 31, 2024.
The cash ratio was relatively low at 0.13 on March 31, 2020, indicating that Evergy had $0.13 of cash and equivalents for every $1 of current liabilities. It then decreased to 0.08 on June 30, 2020, before increasing significantly to 0.26 on September 30, 2020. This improvement suggested the company had strengthened its ability to meet short-term obligations with its available cash.
However, the cash ratio declined to 0.14 by December 31, 2020, and continued to fluctuate throughout the following years. Notably, there were periods, such as September 30, 2021, and subsequent quarters, where the cash ratio dropped to 0.01. This indicated a potential strain on liquidity as Evergy may have been less able to cover its short-term liabilities with cash alone.
Overall, the varying levels of the cash ratio for Evergy, Inc. suggest fluctuations in liquidity and the company's ability to manage short-term financial obligations with available cash resources during the analyzed period.
Peer comparison
Dec 31, 2024