PG&E Corp (PCG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 17,216,000 | 14,383,000 | 12,815,000 | 11,077,000 | 9,602,000 |
| Total current liabilities | US$ in thousands | 16,330,000 | 17,314,000 | 15,788,000 | 17,427,000 | 13,581,000 |
| Current ratio | 1.05 | 0.83 | 0.81 | 0.64 | 0.71 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $17,216,000K ÷ $16,330,000K
= 1.05
The current ratio of PG&E Corp has fluctuated over the past five years. It was 0.71 as of December 31, 2020, indicating that the company may have had challenges meeting its short-term obligations with its current assets. The ratio declined to 0.64 by December 31, 2021, which could have raised concerns about liquidity and solvency.
However, there was a notable improvement in the current ratio to 0.81 by December 31, 2022, suggesting that the company may have strengthened its ability to cover its current liabilities with its current assets. This positive trend continued, with the ratio further increasing to 0.83 by December 31, 2023.
The most recent data point shows a current ratio of 1.05 as of December 31, 2024, indicating that PG&E Corp's liquidity position has significantly improved, surpassing the industry average of 1. This suggests that the company may have more than enough current assets to cover its current liabilities, which is a positive sign for its financial health and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024