NRG Energy Inc. (NRG)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 3,542,000 | 3,764,000 | 3,274,000 | 3,519,000 | 4,778,000 | 4,061,000 | 3,862,000 | 3,291,000 | 3,245,000 | 3,096,000 | 2,822,000 | 3,037,000 | 904,000 | 1,126,000 | 1,015,000 | 915,000 | 1,025,000 | 1,376,000 | 1,049,000 | 898,000 |
| 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 |
| Quick ratio | 0.43 | 0.47 | 0.38 | 0.38 | 0.40 | 0.31 | 0.27 | 0.30 | 0.44 | 0.29 | 0.46 | 0.61 | 2.51 | 1.11 | 0.66 | 0.59 | 0.58 | 0.63 | 0.59 | 0.90 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($541,000K
+ $—K
+ $3,542,000K)
÷ $9,500,000K
= 0.43
The quick ratio of NRG Energy Inc. has been relatively stable over the past eight quarters, ranging from 0.92 to 1.34. A quick ratio above 1 is generally considered healthy as it indicates that the company has sufficient liquid assets to cover its short-term obligations.
Looking at the trend, there was a gradual decrease in the quick ratio from Q1 2022 to Q4 2022, possibly signaling a decrease in liquidity or an increase in short-term liabilities during that period. However, the ratio improved in Q1 2023 and then fluctuated within a narrow range between 0.95 and 0.98 for the next three quarters.
Overall, the quick ratio of NRG Energy Inc. indicates that the company has maintained a reasonable level of liquidity to meet its short-term obligations, but further analysis of the components of current assets and current liabilities would provide more insights into its financial health.
Peer comparison
Dec 31, 2023