Evergy, Inc. (EVRG)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($22,000K
+ $—K
+ $—K)
÷ $3,662,400K
= 0.01
The quick ratio, also known as the acid-test ratio, measures a company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that a company may have difficulty meeting its short-term obligations.
Based on the data provided for Evergy, Inc., the quick ratio fluctuated over the reporting periods. It was at its highest in September 2020 at 0.26 but then decreased significantly in the following quarters. The ratio remained below 0.1 from June 2021 to March 2024, indicating a limited ability to cover immediate liabilities with liquid assets.
Overall, Evergy, Inc.'s quick ratio shows a concerning trend of insufficient liquidity to meet short-term obligations, which may raise concerns about the company's financial stability and ability to handle short-term financial needs effectively. It would be advisable for the company to closely monitor and improve its liquidity position to ensure it can meet its current liabilities in a timely manner.
Peer comparison
Dec 31, 2024