FirstEnergy Corporation (FE)
Quick 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 | 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 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($111,000K
+ $—K
+ $—K)
÷ $4,997,000K
= 0.02
The quick ratio of FirstEnergy Corporation has fluctuated over the past few years, indicating varying levels of liquidity. The ratio is a measure of the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term liabilities.
The quick ratio for FirstEnergy Corporation was extremely low at the end of March 2020, indicating potential liquidity issues. However, the ratio improved slightly by June 2020 but remained below 1, indicating continued concerns about the company's ability to cover its short-term obligations.
The ratio showed significant improvement by September 2020, reaching 0.38, which suggests a better ability to meet short-term obligations. This improvement was sustained through the end of 2021, with the quick ratio fluctuating around 0.35 to 0.33.
The quick ratio dropped sharply in the first quarter of 2022 to 0.06, signaling potential liquidity challenges once again. While the ratio improved slightly in the following quarters, it remained below 1, indicating ongoing concerns.
In the latest period, the quick ratio for FirstEnergy Corporation dropped to -0.00 by September 2022, which is unusual and suggests potential issues with short-term liquidity. However, the ratio improved in subsequent quarters, reaching 0.02 by December 2023.
Overall, the quick ratio of FirstEnergy Corporation has shown fluctuations, indicating varying levels of liquidity and ability to cover short-term obligations. Investors and stakeholders should continue to monitor this ratio to assess the company's financial health and ability to meet its short-term liabilities.
Peer comparison
Dec 31, 2024