NRG Energy Inc. (NRG)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,727,000 | 9,468,000 | 10,121,000 | 10,208,000 | 16,231,000 | 18,963,000 | 21,148,000 | 16,837,000 | 10,841,000 | 14,572,000 | 8,624,000 | 6,552,000 | 6,028,000 | 3,087,000 | 3,076,000 | 3,479,000 | 3,088,000 | 3,187,000 | 3,045,000 | 3,458,000 |
| 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 |
| Current ratio | 1.02 | 1.06 | 1.02 | 0.99 | 1.25 | 1.32 | 1.29 | 1.38 | 1.37 | 1.21 | 1.24 | 1.13 | 3.15 | 1.55 | 1.43 | 1.22 | 1.31 | 1.24 | 1.33 | 1.78 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,727,000K ÷ $9,500,000K
= 1.02
The current ratio measures NRG Energy Inc.'s ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.
Based on the data provided:
- The current ratio has been fluctuating over the past eight quarters, ranging from 0.99 to 1.38.
- The current ratio was at its lowest in Q1 2023 at 0.99, which could indicate potential liquidity challenges in meeting short-term obligations.
- The highest current ratio was observed in Q1 2022 at 1.38, reflecting strong liquidity and the ability to cover short-term liabilities comfortably.
- Throughout the quarters, the current ratio has generally been above 1, suggesting that NRG Energy Inc. has had sufficient current assets to cover its current liabilities.
Overall, although the current ratio has varied, it indicates that NRG Energy Inc. has maintained a satisfactory liquidity position to meet its short-term obligations. It is essential for the company to monitor and manage its current assets and liabilities effectively to ensure continued financial stability and liquidity.
Peer comparison
Dec 31, 2023