Evergy Inc. Common Stock (EVRG)

Cash 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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	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	23,200	50,100	107,000	133,600
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	184,000	185,000	186,000	188,000	—	—	—	—	—	—
Total current liabilities	US$ in thousands	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	2,335,900	2,075,100	3,482,800	3,335,400
Cash ratio		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	0.01	0.02	0.03	0.04

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 for Evergy Inc has fluctuated over the past eight quarters, ranging from 0.09 to 0.27. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external financing.

In Q1 2022, Evergy Inc had a relatively high cash ratio of 0.27, suggesting a robust liquidity position at that time. However, the cash ratio decreased in subsequent quarters, reaching a low of 0.09 in Q3 2023. This decline may indicate a potential liquidity strain or increased reliance on other sources of funding to meet short-term obligations.

Overall, Evergy Inc's cash ratio has shown some variability, and it would be important to analyze the underlying reasons for these fluctuations to assess the company's liquidity management practices and financial health effectively.