PG&E Corp (PCG)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 14,383,000 | 12,815,000 | 11,077,000 | 9,602,000 | 10,165,000 |
| Total current liabilities | US$ in thousands | 17,314,000 | 15,788,000 | 17,427,000 | 13,581,000 | 7,631,000 |
| Current ratio | 0.83 | 0.81 | 0.64 | 0.71 | 1.33 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $14,383,000K ÷ $17,314,000K
= 0.83
The current ratio of PG&E Corp. over the past five years has shown fluctuations, indicating its ability to cover its short-term obligations with its current assets. In 2019, the current ratio was relatively high at 1.33, suggesting a strong ability to meet short-term liabilities. However, this ratio decreased significantly in 2021 to 0.64, indicating potential liquidity challenges.
Although there was a slight improvement in the current ratio in 2022 to 0.81, it remained below 1, reflecting some ongoing liquidity concerns. In 2023, the current ratio further increased to 0.83, suggesting a slight improvement in the company's short-term liquidity position.
Overall, the trend in the current ratio of PG&E Corp. indicates fluctuations and potential liquidity challenges in recent years. Investors and stakeholders should continue to monitor the company's ability to meet its short-term obligations as reflected in its current ratio.
Peer comparison
Dec 31, 2023