FirstEnergy Corporation (FE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,776,000 | 2,568,000 | 2,415,000 | 3,237,000 | 3,714,000 |
| Total current liabilities | US$ in thousands | 4,997,000 | 5,386,000 | 3,958,000 | 4,416,000 | 5,004,000 |
| Current ratio | 0.56 | 0.48 | 0.61 | 0.73 | 0.74 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,776,000K ÷ $4,997,000K
= 0.56
The current ratio of FirstEnergy Corporation has shown a declining trend over the past five years, starting at 0.74 as of December 31, 2020, and decreasing to 0.56 as of December 31, 2024. This indicates that the company may be facing challenges in meeting its short-term obligations with its current assets. A current ratio below 1 typically suggests potential liquidity issues, as it means the company's current liabilities exceed its current assets. It would be prudent for stakeholders to closely monitor this ratio and assess the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024