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