Exelon Corporation (EXC)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 3,372,000 | 3,329,000 | 3,047,000 | 3,377,000 | 3,579,000 | 3,485,000 | 3,218,000 | 3,098,000 | 5,126,000 | 4,660,000 | 4,492,000 | 4,816,000 | 4,758,000 | 4,293,000 | 4,302,000 | 5,381,000 | 4,793,000 | 5,395,000 | 5,437,000 | 4,526,000 |
| 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 |
| Quick ratio | 0.40 | 0.41 | 0.43 | 0.48 | 0.38 | 0.45 | 0.50 | 0.65 | 0.39 | 0.51 | 0.47 | 0.53 | 0.42 | 0.55 | 0.58 | 0.58 | 0.38 | 0.54 | 0.48 | 0.44 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($445,000K
+ $—K
+ $3,372,000K)
÷ $9,591,000K
= 0.40
The quick ratio of Exelon Corp. has shown some variability over the past eight quarters, ranging from 0.57 to 0.83. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities, as its current assets may not be sufficient to cover these obligations.
In the recent quarters, Exelon's quick ratio has generally been below 1, suggesting a potential liquidity risk. The decreasing trend from Q1 to Q4 of 2022 followed by a slight increase in Q2 and Q3 of 2023 indicates fluctuations in the company's ability to cover its short-term liabilities with its quick assets.
Overall, the downward trend in the quick ratio may raise concerns about Exelon's liquidity position, and further analysis of the company's current assets and liabilities is necessary to fully understand its financial health and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023