FirstEnergy Corporation (FE)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,776,000 | 3,068,000 | 3,258,000 | 4,063,000 | 2,568,000 | 2,520,000 | 2,485,000 | 2,507,000 | 2,415,000 | 2,312,000 | 2,539,000 | 2,250,000 | 3,237,000 | 2,532,000 | 3,196,000 | 3,188,000 | 3,714,000 | 2,162,000 | 1,986,000 | 2,003,000 |
| 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 |
| Current ratio | 0.56 | 0.56 | 0.51 | 0.65 | 0.48 | 0.53 | 0.60 | 0.68 | 0.61 | 0.66 | 0.75 | 0.52 | 0.73 | 0.62 | 0.83 | 0.69 | 0.74 | 0.71 | 0.78 | 0.54 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,776,000K ÷ $4,997,000K
= 0.56
FirstEnergy Corporation's current ratio has fluctuated over the past few years, ranging from a low of 0.48 to a high of 0.83. The current ratio is a measure of a company's ability to cover its short-term obligations with its current assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term debt obligations.
The current ratio for FirstEnergy Corporation has generally been below 1, suggesting potential liquidity challenges. This indicates that the company may have more short-term obligations than it can easily cover with its current assets. A ratio that is consistently below 1 may raise concerns about the company's financial health and ability to meet its short-term obligations.
It is important for investors and stakeholders to closely monitor FirstEnergy Corporation's current ratio trend over time to assess its liquidity position and financial stability. An improving current ratio may indicate better short-term financial health, while a declining ratio may signal deteriorating liquidity.
Peer comparison
Dec 31, 2024