Exelon Corporation (EXC)
Cash 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 and cash equivalents | US$ in thousands | 357,000 | 616,000 | 934,000 | 720,000 | 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 |
| Short-term investments | US$ in thousands | — | -4,387,000 | — | — | 12,000 | 3,000 | — | — | — | — | — | — | 510,000 | 198,000 | 196,000 | 239,000 | 231,000 | 444 | — | — |
| Total current liabilities | US$ in thousands | 9,611,000 | 7,384,000 | 8,275,000 | 7,975,000 | 9,901,000 | 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 |
| Cash ratio | 0.04 | -0.51 | 0.11 | 0.09 | 0.05 | 0.03 | 0.05 | 0.06 | 0.04 | 0.05 | 0.10 | 0.29 | 0.07 | 0.20 | 0.13 | 0.16 | 0.05 | 0.17 | 0.19 | 0.12 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($357,000K
+ $—K)
÷ $9,611,000K
= 0.04
Exelon Corporation's cash ratio has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and equivalents.
The cash ratio started at 0.12 on March 31, 2020, and gradually increased to 0.29 by March 31, 2022. This indicates a positive trend in the company's ability to cover its short-term obligations with its cash holdings. However, the ratio decreased thereafter, reaching as low as -0.51 on September 30, 2024, suggesting a potential liquidity issue or over-leverage situation.
A cash ratio below 1.0 implies that the company may not have enough liquid assets to cover its short-term liabilities. It is important for Exelon Corporation to closely monitor its cash position and liquidity management to ensure it can meet its financial obligations in a timely manner. Further investigation into the reasons behind the significant drop in the cash ratio in the latter part of 2024 is warranted to assess the overall financial health and stability of the company.
Peer comparison
Dec 31, 2024