Exelon Corporation (EXC)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	445,000	407,000	672,000	432,000	587,000
Short-term investments	US$ in thousands	—	—	510,000	231,000	—
Total current liabilities	US$ in thousands	9,591,000	10,611,000	16,111,000	12,771,000	14,185,000
Cash ratio		0.05	0.04	0.07	0.05	0.04

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($445,000K + $—K) ÷ $9,591,000K
= 0.05

The cash ratio of Exelon Corp. has fluctuated over the past five years, ranging from 0.23 to 0.41. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.

In 2023, the cash ratio increased to 0.33 from 0.23 in 2022, indicating that Exelon Corp. had a higher proportion of cash to cover its short-term obligations compared to the previous year. This suggests that Exelon may have improved its liquidity position in 2023.

However, the cash ratio of 0.33 in 2023 is still below the 2021 level of 0.41, which was the highest in the five-year period. This indicates that Exelon had a larger buffer of cash relative to its short-term liabilities in 2021 compared to 2023.

Overall, while the cash ratio has shown some fluctuations over the years, it is important for stakeholders to monitor Exelon's cash position to ensure the company can meet its short-term obligations efficiently.