PG&E Corp (PCG)

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	940,000	895,000	1,315,000	658,000	635,000	589,000	805,000	1,028,000	734,000	262,000	239,000	247,000	291,000	420,000	307,000	229,000	484,000	464,000	968,000	1,960,000
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	16,330,000	16,883,000	18,543,000	15,453,000	17,314,000	15,172,000	13,202,000	14,801,000	15,788,000	14,027,000	15,007,000	16,560,000	17,427,000	17,784,000	15,493,000	12,217,000	13,581,000	13,321,000	45,795,000	8,253,000
Cash ratio		0.06	0.05	0.07	0.04	0.04	0.04	0.06	0.07	0.05	0.02	0.02	0.01	0.02	0.02	0.02	0.02	0.04	0.03	0.02	0.24

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 some fluctuations over the past few years, ranging from 0.01 to 0.07. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, as it implies the company has more cash on hand relative to its current liabilities.

In this case, the cash ratio of PG&E Corp has generally remained low, hovering mostly around 0.02 to 0.06, with a few exceptions of higher ratios like 0.07. This suggests that the company may have limited liquid assets available to cover its short-term obligations. It is important for investors and stakeholders to closely monitor PG&E Corp's cash ratio to ensure that the company can meet its short-term financial commitments.