FirstEnergy Corporation (FE)
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 | 111,000 | 439,000 | 103,000 | 915,000 | 137,000 | 118,000 | 171,000 | 177,000 | 160,000 | 251,000 | 478,000 | 283,000 | 1,462,000 | 577,000 | 1,254,000 | 1,281,000 | 1,734,000 | 296,000 | 116,000 | 152,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | -256,000 | — | — | — | — | — | — | — | 881,000 | — | — |
| Total current liabilities | US$ in thousands | 4,997,000 | 5,473,000 | 6,356,000 | 6,273,000 | 5,386,000 | 4,796,000 | 4,149,000 | 3,700,000 | 3,958,000 | 3,493,000 | 3,370,000 | 4,360,000 | 4,416,000 | 4,094,000 | 3,871,000 | 4,624,000 | 5,004,000 | 3,061,000 | 2,544,000 | 3,697,000 |
| Cash ratio | 0.02 | 0.08 | 0.02 | 0.15 | 0.03 | 0.02 | 0.04 | 0.05 | 0.04 | -0.00 | 0.14 | 0.06 | 0.33 | 0.14 | 0.32 | 0.28 | 0.35 | 0.38 | 0.05 | 0.04 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($111,000K
+ $—K)
÷ $4,997,000K
= 0.02
The cash ratio of FirstEnergy Corporation has shown fluctuations over the periods from March 31, 2020, to December 31, 2024. The ratio started at a low of 0.04 on March 31, 2020, increased to 0.38 by September 30, 2020, and then decreased to 0.28 by March 31, 2021. It rose again to 0.32 by June 30, 2021, before declining to 0.14 by September 30, 2021.
There was an improvement to 0.33 by December 31, 2021, but the ratio dropped significantly to 0.06 by March 31, 2022. It then increased to 0.14 by June 30, 2022, only to fall to -0.00 by September 30, 2022. This negative value indicates that the company's cash and cash equivalents were insufficient to cover its current liabilities at that point in time.
The ratio recovered to 0.04 by December 31, 2022, and remained relatively stable around this level through March 31, 2024, with values ranging from 0.02 to 0.15. Overall, the trend in the cash ratio suggests that FirstEnergy Corporation has experienced fluctuations in its ability to cover its current liabilities with its available cash and cash equivalents over the analyzed periods.
Peer comparison
Dec 31, 2024