PG&E Corp (PCG)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 14,383,000 | 12,809,000 | 12,681,000 | 12,297,000 | 12,815,000 | 12,210,000 | 11,674,000 | 10,376,000 | 11,077,000 | 11,527,000 | 10,289,000 | 9,067,000 | 9,602,000 | 9,798,000 | 25,013,000 | 10,558,000 | 10,165,000 | 11,577,000 | 11,577,000 | 10,693,000 |
| 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 |
| Current ratio | 0.83 | 0.84 | 0.96 | 0.83 | 0.81 | 0.87 | 0.78 | 0.63 | 0.64 | 0.65 | 0.66 | 0.74 | 0.71 | 0.74 | 0.55 | 1.28 | 1.33 | 1.79 | 2.03 | 2.22 |
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 eight quarters has ranged from 0.63 to 0.96. The current ratio measures the company's ability to cover its short-term obligations with its short-term assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets.
PG&E's current ratio has been below 1 in most quarters, suggesting potential liquidity challenges for the company. It reached its lowest point in Q1 2022 at 0.63, indicating a relatively weak liquidity position at that time. While there was a slight improvement in Q2 and Q3 2023, with ratios of 0.96 and 0.84 respectively, the current ratio dropped back to 0.83 in Q4 2023.
Overall, the trend in PG&E's current ratio indicates a need for the company to closely manage its short-term liquidity position to ensure it can meet its current obligations as they come due. Investors and creditors may closely monitor this ratio to assess the company's financial health and ability to manage its short-term financial obligations.
Peer comparison
Dec 31, 2023