OGE Energy Corporation (OGE)

Cash ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	US$ in thousands	200	88,100	0	1,100	0
Short-term investments	US$ in thousands	—	0	785,100	0	1,234,200
Total current liabilities	US$ in thousands	1,179,200	1,802,200	1,089,600	697,400	657,900
Cash ratio		0.00	0.05	0.72	0.00	1.88

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($200K + $—K) ÷ $1,179,200K
= 0.00

The cash ratio of Oge Energy Corp. has shown fluctuations over the past five years.

1. In 2023, the cash ratio dropped significantly to 0.05, indicating that the company had very limited cash on hand relative to its current liabilities. This could potentially raise concerns about the company's short-term liquidity.

2. The year 2022 saw a much healthier cash ratio of 0.39, suggesting that Oge Energy Corp. had a substantial amount of cash available to cover its immediate obligations. This indicates a strong liquidity position.

3. The cash ratio in 2021 was 0.21, showing a moderate level of liquidity compared to the previous year. While not as high as 2022, the company still had a reasonable amount of cash on hand relative to its short-term liabilities.

4. In 2020, the cash ratio was 0.06, indicating a lower level of liquidity compared to 2021. This could suggest that the company faced challenges in generating sufficient cash flow or managing its working capital efficiently.

5. The cash ratio in 2019 stood at 0.10, slightly higher than 2020 but lower than the two preceding years. This indicates that Oge Energy Corp. had a moderate level of liquidity at that time.

Overall, the fluctuating trend in the cash ratio of Oge Energy Corp. indicates varying levels of liquidity over the five-year period, with 2022 standing out as a year of strong liquidity while 2023 showing a significant drop in cash position relative to current liabilities.