Exelon Corporation (EXC)

Cash 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 and cash equivalents	US$ in thousands	445,000	300,000	399,000	522,000	407,000	446,000	816,000	2,476,000	672,000	2,957,000	1,578,000	1,908,000	432,000	1,858,000	2,129,000	1,457,000	587,000	1,683,000	735,000	880,000
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	510,000	435,000	421,000	431,000	231,000	444	—	—	—	—	—	—
Total current liabilities	US$ in thousands	9,591,000	8,800,000	7,936,000	8,092,000	10,611,000	8,717,000	8,031,000	8,635,000	16,111,000	15,826,000	13,919,000	13,580,000	12,771,000	11,262,000	11,065,000	11,774,000	14,185,000	13,085,000	12,934,000	12,229,000
Cash ratio		0.05	0.03	0.05	0.06	0.04	0.05	0.10	0.29	0.07	0.21	0.14	0.17	0.05	0.17	0.19	0.12	0.04	0.13	0.06	0.07

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 shown variability over the past eight quarters. The ratio has ranged between 0.23 and 0.48 during this period. In the most recent quarter, Q4 2023, the cash ratio was recorded at 0.33, which indicates that the company had $0.33 in cash and cash equivalents for every $1 of current liabilities.

The trend over the past two years shows that the cash ratio has generally been above 0.20, which suggests that Exelon has had a relatively healthy level of liquidity to cover its short-term obligations. However, there was a notable decline in the cash ratio from Q1 2022 to Q4 2022, dropping from 0.48 to 0.23, before gradually increasing again in the following quarters.

Overall, while the cash ratio fluctuated throughout the analyzed period, Exelon Corp. appears to have maintained a prudent level of cash reserves in relation to its short-term liabilities, which is essential for financial stability and liquidity management.