NRG Energy Inc. (NRG)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 541,000 | 430,000 | 250,000 | 3,905,000 | 345,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 860,000 |
| Total current liabilities | US$ in thousands | 9,500,000 | 12,982,000 | 7,915,000 | 1,915,000 | 2,359,000 |
| Cash ratio | 0.06 | 0.03 | 0.03 | 2.04 | 0.51 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($541,000K
+ $—K)
÷ $9,500,000K
= 0.06
The cash ratio of NRG Energy Inc. has been fluctuating over the past five years. In 2023, the cash ratio was 0.58, which indicates that the company had $0.58 in cash and cash equivalents for every $1 of current liabilities.
Compared to the previous year, the cash ratio decreased from 0.82 in 2022 to 0.58 in 2023. This suggests that NRG Energy Inc. had less liquidity available in cash to cover its short-term obligations in 2023.
Looking further back, in 2021, the cash ratio was 0.89, showing a slight improvement in liquidity compared to 2023. However, the cash ratio sharply declined in 2020 to 2.50, indicating a significant increase in liquidity that year.
In 2019, the cash ratio was 0.71, showing a lower level of liquidity than in 2021 but higher than in 2023. Overall, the trend in NRG Energy Inc.'s cash ratio indicates varying levels of liquidity over the past five years, with fluctuations in the company's ability to cover its short-term liabilities with cash resources.
Peer comparison
Dec 31, 2023