OGE Energy Corporation (OGE)
Cash 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 and cash equivalents | US$ in thousands | 600 | 9,900 | 100 | 4,300 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 0 | — | — | — | 785,100 | — | — | — | 0 | — | — | — |
| Total current liabilities | US$ in thousands | 1,229,800 | 1,041,500 | 1,109,700 | 1,429,700 | 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 |
| Cash ratio | 0.00 | 0.01 | 0.00 | 0.00 | 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 |
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, a utility company, has shown fluctuations over the past few years based on the provided data. As of December 31, 2021, the cash ratio was notably higher at 0.72, indicating the company had a significant amount of cash on hand relative to its current liabilities. However, in subsequent periods, the cash ratio dropped back down to lower levels, reaching as low as 0.00 in some quarters.
A cash ratio of 0.00 means that the company did not have enough cash to cover its current liabilities at that point in time. This could suggest that OGE Energy Corporation may have been relying on other sources of liquidity, such as short-term investments or lines of credit, to meet its short-term obligations during those periods.
The increase in the cash ratio to 0.24 by September 30, 2022, and then a slight decrease to 0.05 by December 31, 2022, may indicate a fluctuating cash position for the company. It is important for OGE Energy Corporation to maintain a healthy cash position to ensure it can cover its short-term liabilities and operational expenses.
Overall, the cash ratio trend for OGE Energy Corporation suggests some variability in the company's liquidity position, highlighting the importance of monitoring cash levels to ensure financial stability and flexibility in meeting short-term obligations.
Peer comparison
Dec 31, 2024