PG&E Corp (PCG)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 17,216,000 | 17,547,000 | 16,739,000 | 15,231,000 | 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 |
| Total current liabilities | US$ in thousands | 16,330,000 | 16,883,000 | 18,543,000 | 15,453,000 | 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 |
| Current ratio | 1.05 | 1.04 | 0.90 | 0.99 | 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 |
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 exhibited fluctuations over the periods indicated in the provided data. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, stood at 1.28 as of March 31, 2020. However, the ratio declined to 0.55 by June 30, 2020, indicating a potential liquidity concern during that period.
Subsequently, the company managed to improve its current ratio, reaching 0.87 as of September 30, 2022, and further increasing to 1.05 by December 31, 2024. These figures suggest a strengthening liquidity position, with the company being more capable of meeting its short-term liabilities with its current assets during these periods.
Overall, the trend in PG&E Corp's current ratio reflects varying levels of liquidity and short-term debt coverage capability. Investors and analysts typically consider a current ratio above 1 as a healthy indicator, indicating that the company's current assets are sufficient to cover its current liabilities.
Peer comparison
Dec 31, 2024