NRG Energy Inc. (NRG)
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 | 199,000 | 1,104,000 | 392,000 | 293,000 | 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 |
| Short-term investments | US$ in thousands | — | -1,092,000 | — | 21,000 | — | 21,000 | 20,000 | 10,000 | — | — | — | — | — | 167,000 | — | — | — | 376,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 8,813,000 | 7,348,000 | 8,302,000 | 9,176,000 | 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 |
| Quick ratio | 0.02 | 0.00 | 0.05 | 0.03 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($199,000K
+ $—K
+ $—K)
÷ $8,813,000K
= 0.02
The quick ratio of NRG Energy Inc. has demonstrated fluctuations over the past few years. It declined steadily from March 2020 to March 2021, reaching a low of 0.09. However, there was a notable improvement by December 2021, when it increased sharply to 2.04. Subsequently, the quick ratio experienced a downward trend, fluctuating around lower levels between 0.03 and 0.06 until June 2024.
The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 typically indicates a potential liquidity issue, as the company may struggle to cover its current liabilities with its readily available assets. NRG Energy Inc.'s quick ratio has generally remained below 1, implying a potential liquidity risk in meeting its short-term obligations. It is important for investors and analysts to closely monitor the company's liquidity position to assess any impact on its financial stability and operational efficiency.
Peer comparison
Dec 31, 2024