OGE Energy Corporation (OGE)

Quick 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	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	—	—	—
Receivables	US$ in thousands	299,700	444,100	363,100	295,700	345,000	402,300	349,600	227,900	229,900	325,300	272,000	205,800	233,500	282,300	254,800	203,100	229,400	326,800	256,100	233,300
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
Quick ratio		0.25	0.40	0.32	0.36	0.24	0.46	0.17	0.17	0.93	0.33	0.30	0.11	0.34	0.61	0.54	0.41	2.22	0.49	0.36	0.26

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($200K + $—K + $299,700K) ÷ $1,179,200K
= 0.25

The quick ratio of Oge Energy Corp. has shown fluctuations over the past eight quarters, ranging from a low of 0.30 to a high of 0.78. Generally, a quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets.

In the most recent quarter, Q4 2023, the quick ratio stood at 0.30, signaling a decrease in the company's ability to cover its current liabilities with its quick assets. This may indicate a potential liquidity concern that could impact the company's short-term financial stability.

On the other hand, the quick ratio was highest in Q3 2022 at 0.78, reflecting a stronger ability to meet short-term obligations from liquid assets at that time. However, the ratio has since declined, suggesting a potential shift in the company's liquidity position over the past year.

In analyzing the trend over the eight quarters, it appears that Oge Energy Corp.'s quick ratio has been somewhat volatile, with fluctuations indicating varying levels of liquidity. It would be important for stakeholders to monitor this ratio closely to assess the company's ability to manage its short-term financial obligations effectively.