OGE Energy Corporation (OGE)

Cash 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 and cash equivalents	US$ in thousands	200	2,800	300	307,000	88,100	456,200	4,900	0	0	1,500	0	0	1,100	32,000	67,500	145,900	0	13,200	0	0
Short-term investments	US$ in thousands	—	—	—	—	0	—	—	—	785,100	—	0	0	0	-2	—	—	1,234,200	—	—	—
Total current liabilities	US$ in thousands	1,179,200	1,107,500	1,127,200	1,665,900	1,802,200	1,876,000	2,125,400	1,342,800	1,089,600	993,900	911,300	1,836,500	697,400	517,400	594,600	855,200	657,900	696,600	702,700	884,200
Cash ratio		0.00	0.00	0.00	0.18	0.05	0.24	0.00	0.00	0.72	0.00	0.00	0.00	0.00	0.06	0.11	0.17	1.88	0.02	0.00	0.00

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 demonstrated fluctuation over the past eight quarters. The cash ratio, which measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, stood at 0.05 in Q4 2023, indicating the company has $0.05 of cash and cash equivalents for every dollar of current liabilities.

The trend shows a significant decrease from the previous quarter, where the cash ratio was 0.10 in Q3 2023. This decline suggests a reduced ability to meet short-term obligations strictly with cash on hand.

Further back, in Q2 2023, the cash ratio improved to 0.23, signaling a strengthening of the company's liquidity position. This was a notable increase from the previous quarter, demonstrating a positive trend in managing short-term obligations.

Similarly, in Q1 2023, the cash ratio reached 0.47, indicating a substantial improvement in the company's ability to cover current liabilities with available cash and cash equivalents.

Comparing these recent results to the same quarters in the previous year, there has been some variability. The cash ratio was notably higher in Q4 2022 at 0.39 and even higher in Q3 2022 and Q2 2022 at 0.57 and 0.54, respectively, showcasing a stronger liquidity position during those periods. However, Q1 2022 saw a lower cash ratio of 0.18, suggesting a decrease in liquidity compared to the current year's first quarter.

Overall, while Oge Energy Corp.'s recent cash ratios have fluctuated, the company has demonstrated the ability to manage its short-term obligations with varying levels of liquidity. It would be important to monitor future trends to assess the company's ongoing liquidity management and financial health.