PG&E Corp (PCG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 940,000 | 635,000 | 734,000 | 291,000 | 484,000 |
| Short-term investments | US$ in thousands | — | -280,000 | — | — | — |
| Total current liabilities | US$ in thousands | 16,330,000 | 17,314,000 | 15,788,000 | 17,427,000 | 13,581,000 |
| Cash ratio | 0.06 | 0.02 | 0.05 | 0.02 | 0.04 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($940,000K
+ $—K)
÷ $16,330,000K
= 0.06
The cash ratio of PG&E Corp has shown fluctuations over the past five years. It was 0.04 as of December 31, 2020, indicating that for every dollar of current liabilities, the company had 4 cents of cash available. The ratio decreased to 0.02 by December 31, 2021, but then increased to 0.05 by December 31, 2022, suggesting an improved liquidity position. However, by December 31, 2023, the ratio lowered to 0.02 again before increasing to 0.06 by December 31, 2024. Overall, while the company's cash ratio has been volatile, the upward trend towards the end of the period indicates an enhanced ability to cover short-term obligations with cash on hand.
Peer comparison
Dec 31, 2024