Exelon Corporation (EXC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,777,000 | 7,336,000 | 13,957,000 | 12,562,000 | 12,037,000 |
| Total current liabilities | US$ in thousands | 9,591,000 | 10,611,000 | 16,111,000 | 12,771,000 | 14,185,000 |
| Current ratio | 0.81 | 0.69 | 0.87 | 0.98 | 0.85 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,777,000K ÷ $9,591,000K
= 0.81
The current ratio of Exelon Corp. has displayed fluctuations over the past five years. In 2023, the current ratio was 0.81, indicating that the company's current assets were insufficient to cover its current liabilities. This was a decrease from the previous year's ratio of 0.69.
The company's current ratio was the highest in 2020 at 0.98, suggesting a healthier liquidity position as current assets were nearly sufficient to cover current liabilities. However, in 2021 and 2019, the current ratios were 0.87 and 0.85, respectively, indicating a slight liquidity challenge during those periods.
Overall, the trend in the current ratio of Exelon Corp. shows some variability, with the company facing fluctuations in its ability to meet short-term obligations with current assets. Further analysis of the company's working capital management and liquidity position may be warranted to determine the underlying reasons for these fluctuations.
Peer comparison
Dec 31, 2023