Exelon Corporation (EXC)

Current 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
Total current assets	US$ in thousands	7,777,000	7,519,000	7,542,000	7,777,000	7,336,000	7,055,000	7,342,000	8,145,000	13,957,000	14,877,000	12,348,000	12,997,000	12,562,000	12,312,000	12,533,000	12,476,000	12,037,000	12,206,000	11,655,000	12,476,000
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
Current ratio		0.81	0.85	0.95	0.96	0.69	0.81	0.91	0.94	0.87	0.94	0.89	0.96	0.98	1.09	1.13	1.06	0.85	0.93	0.90	1.02

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $7,777,000K ÷ $9,591,000K
= 0.81

Based on the data provided for Exelon Corp.'s current ratio over the past eight quarters, we observe fluctuations in the company's short-term liquidity position. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

In Q4 2023, the current ratio decreased to 0.81 from the preceding quarter's ratio of 0.85. This decline suggests a potential weakening in Exelon Corp.'s short-term liquidity position in the most recent quarter. However, it is important to note that a current ratio above 1 indicates a company has more current assets than current liabilities, which is generally seen as a positive indicator of financial health.

Over the past year, Exelon Corp.'s current ratio has fluctuated within a range of 0.69 to 0.96. Q1 and Q2 of 2023 saw higher current ratios of 0.96 and 0.95, respectively, indicating a temporary increase in short-term liquidity. However, the current ratio dipped in the subsequent quarters.

The consistent fluctuations in Exelon Corp.'s current ratio highlight the need for a closer examination of the company's current asset and liability management. Further analysis of the composition and quality of current assets and liabilities would provide deeper insights into the company's liquidity risk and financial stability.