OGE Energy Corporation (OGE)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 600 | 200 | 88,100 | 0 | 1,100 |
| Short-term investments | US$ in thousands | — | — | 0 | 785,100 | 0 |
| Receivables | US$ in thousands | 315,200 | 299,700 | 345,000 | 229,900 | 233,500 |
| Total current liabilities | US$ in thousands | 1,229,800 | 1,179,200 | 1,802,200 | 1,089,600 | 697,400 |
| Quick ratio | 0.26 | 0.25 | 0.24 | 0.93 | 0.34 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($600K
+ $—K
+ $315,200K)
÷ $1,229,800K
= 0.26
The quick ratio of OGE Energy Corporation has shown fluctuations over the past five years. As of December 31, 2020, the quick ratio was relatively low at 0.34, indicating a potential liquidity concern as the company had only 34 cents in liquid assets available to cover each dollar of current liabilities.
However, there was a significant improvement in the quick ratio by December 31, 2021, reaching 0.93. This suggests that the company had increased its ability to meet its short-term obligations using highly liquid assets.
Subsequently, the quick ratio dropped to 0.24 by December 31, 2022, signaling a potential liquidity strain. The ratio remained relatively stable in the following years, with values of 0.25 on December 31, 2023, and 0.26 on December 31, 2024.
Overall, the fluctuations in OGE Energy Corporation's quick ratio indicate varying levels of liquidity over the years, with notable improvements in 2021 but a decline in 2022. It is important for the company to closely monitor its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024