PG&E Corp (PCG)
Cash 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 and cash equivalents | US$ in thousands | 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 | 1,570,000 | 2,970,000 | 3,459,000 | 2,964,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 7,631,000 | 6,472,000 | 5,711,000 | 4,808,000 |
| Cash ratio | 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 | 0.21 | 0.46 | 0.61 | 0.62 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($635,000K
+ $—K)
÷ $17,314,000K
= 0.04
The cash ratio of PG&E Corp. has fluctuated over the past eight quarters. The cash ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In Q4 2023, the cash ratio stood at 0.16, showing an improvement from the previous quarter. This suggests that PG&E Corp. had a higher proportion of cash on hand relative to its current liabilities at the end of Q4 2023.
Comparing Q4 2023 to the same quarter in the prior year (Q4 2022), there has been a decrease in the cash ratio from 0.19 to 0.16. This signals a slight reduction in PG&E Corp.'s liquidity position year-over-year.
The lowest cash ratio in the listed quarters was observed in Q3 2022 with a ratio of 0.07, indicating that PG&E Corp. had relatively lower cash reserves to cover its short-term obligations at that time.
Overall, while the cash ratio of PG&E Corp. has shown variability, it is essential to monitor changes in the ratio over time to assess the company's liquidity position and its ability to meet short-term liabilities.
Peer comparison
Dec 31, 2023