Evergy, Inc. (EVRG)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 100 | 27,700 | 25,200 | 26,200 | 144,900 |
| Short-term investments | US$ in thousands | — | 41,700 | — | — | 186,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,139,900 | 3,512,600 | 3,493,800 | 3,102,900 | 2,355,800 |
| Quick ratio | 0.00 | 0.02 | 0.01 | 0.01 | 0.14 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($100K
+ $—K
+ $—K)
÷ $1,139,900K
= 0.00
The quick ratio of Evergy, Inc. has shown a consistent decline over the years, decreasing from 0.14 on December 31, 2020, to 0.00 on December 31, 2024. This indicates a significant deterioration in the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 suggests that Evergy may have difficulty in covering its short-term liabilities with its current assets that can be quickly converted into cash. It is advisable for the company to closely monitor its liquidity position and take necessary steps to improve its short-term financial health.
Peer comparison
Dec 31, 2024