Evergy Inc. Common Stock (EVRG)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 27,700 | 25,200 | 26,200 | 144,900 | 23,200 |
| Short-term investments | US$ in thousands | — | — | — | 186,000 | — |
| Receivables | US$ in thousands | 437,800 | 525,500 | 410,300 | 514,700 | 228,500 |
| Total current liabilities | US$ in thousands | 3,512,600 | 3,493,800 | 3,102,900 | 2,355,800 | 2,335,900 |
| Quick ratio | 0.13 | 0.16 | 0.14 | 0.36 | 0.11 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($27,700K
+ $—K
+ $437,800K)
÷ $3,512,600K
= 0.13
The quick ratio of Evergy Inc has shown a declining trend over the past five years, decreasing from 0.28 in 2019 to 0.19 in 2023. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has weakened. The quick ratio below 1 suggests that Evergy Inc may face challenges in covering its current liabilities with its quick assets alone. It is advisable for the company to closely monitor its liquidity position and consider strategies to improve its quick ratio in order to enhance its short-term financial stability and meet its obligations effectively.
Peer comparison
Dec 31, 2023