Evergy Inc. Common Stock (EVRG)

Quick 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	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	—	—	—	—	—	—
Receivables	US$ in thousands	437,800	489,500	480,600	350,700	525,500	588,500	598,500	338,100	410,300	581,700	681,000	512,500	514,700	553,600	684,800	432,900	228,500	268,800	278,400	164,800
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
Quick ratio		0.13	0.11	0.13	0.11	0.16	0.17	0.16	0.11	0.14	0.23	0.34	0.36	0.36	0.53	0.41	0.31	0.11	0.15	0.11	0.09

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($27,700K + $—K + $437,800K) ÷ $3,512,600K
= 0.13

Evergy Inc's quick ratio has shown a declining trend over the past eight quarters, decreasing from 0.33 in Q1 2022 to 0.19 in Q4 2023. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities. Evergy's quick ratio has consistently remained below 1 during this period, suggesting potential liquidity concerns. The downward trend in the quick ratio indicates a weakening ability to cover short-term obligations with liquid assets. Further analysis of the company's liquidity position and management of working capital may be warranted to address these concerns.