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.