OGE Energy Corporation (OGE)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 600 | 200 | 88,100 | 0 | 1,100 |
| Short-term investments | US$ in thousands | — | — | 0 | 785,100 | 0 |
| Total current liabilities | US$ in thousands | 1,229,800 | 1,179,200 | 1,802,200 | 1,089,600 | 697,400 |
| Cash ratio | 0.00 | 0.00 | 0.05 | 0.72 | 0.00 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($600K
+ $—K)
÷ $1,229,800K
= 0.00
The cash ratio of OGE Energy Corporation has shown fluctuations over the past five years. Starting at a concerning level of 0.00 on December 31, 2020, there was a significant improvement by December 31, 2021, reaching a healthier level of 0.72, indicating that the company had sufficient cash to cover its current liabilities. However, this improvement was short-lived as the cash ratio dropped to 0.05 by December 31, 2022, suggesting a potential liquidity strain. Subsequently, the cash ratio reverted to 0.00 by December 31, 2023 and 2024, reflecting a scenario where the company's cash on hand was insufficient to meet its short-term obligations. This erratic trend in the cash ratio highlights the importance for OGE Energy Corporation to closely monitor its cash position and liquidity management to ensure financial stability and solvency.
Peer comparison
Dec 31, 2024