NRG Energy Inc. (NRG)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 541,000 | 401,000 | 422,000 | 407,000 | 430,000 | 333,000 | 580,000 | 387,000 | 250,000 | 259,000 | 361,000 | 501,000 | 3,905,000 | 697,000 | 418,000 | 759,000 | 345,000 | 243,000 | 294,000 | 859,000 |
| Short-term investments | US$ in thousands | — | 21,000 | 20,000 | 10,000 | — | — | — | — | — | 167,000 | — | — | — | 376,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 9,500,000 | 8,930,000 | 9,876,000 | 10,326,000 | 12,982,000 | 14,366,000 | 16,437,000 | 12,233,000 | 7,915,000 | 12,009,000 | 6,931,000 | 5,795,000 | 1,915,000 | 1,986,000 | 2,157,000 | 2,852,000 | 2,359,000 | 2,564,000 | 2,294,000 | 1,945,000 |
| Cash ratio | 0.06 | 0.05 | 0.04 | 0.04 | 0.03 | 0.02 | 0.04 | 0.03 | 0.03 | 0.04 | 0.05 | 0.09 | 2.04 | 0.54 | 0.19 | 0.27 | 0.15 | 0.09 | 0.13 | 0.44 |
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 measures a company's ability to cover its current liabilities with its available cash and cash equivalents. For NRG Energy Inc., the cash ratio has been fluctuating over the past eight quarters, ranging from 0.56 to 1.08.
In Q4 2023, the cash ratio was 0.58, indicating that the company had $0.58 in cash and cash equivalents for every $1 of current liabilities. This suggests a slight decrease in liquidity compared to the previous quarter.
The highest cash ratio was observed in Q1 2022 at 1.08, indicating strong liquidity and the ability to cover current liabilities comfortably. However, there has been a general downward trend in the cash ratio since then, with occasional fluctuations.
Overall, the varying cash ratios over the quarters suggest that NRG Energy Inc. has experienced changes in its liquidity position. It is essential for investors and analysts to monitor these fluctuations to assess the company's short-term financial health and ability to meet its obligations.
Peer comparison
Dec 31, 2023