PG&E Corp (PCG)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 940,000 | 635,000 | 734,000 | 291,000 | 484,000 |
| Short-term investments | US$ in thousands | — | -280,000 | — | — | — |
| Receivables | US$ in thousands | 3,995,000 | 2,048,000 | 2,645,000 | 2,345,000 | 1,883,000 |
| Total current liabilities | US$ in thousands | 16,330,000 | 17,314,000 | 15,788,000 | 17,427,000 | 13,581,000 |
| Quick ratio | 0.30 | 0.14 | 0.21 | 0.15 | 0.17 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($940,000K
+ $—K
+ $3,995,000K)
÷ $16,330,000K
= 0.30
The quick ratio of PG&E Corp, a measure of its ability to meet short-term obligations with its most liquid assets, has displayed fluctuations over the past five years. As of December 31, 2020, the quick ratio stood at 0.17, suggesting the company may face challenges in covering immediate liabilities with its liquid assets. However, there was a slight decrease in the quick ratio to 0.15 by December 31, 2021.
There was an improvement in the quick ratio by December 31, 2022, when it increased to 0.21, indicating a better ability to meet short-term obligations using liquid assets. However, this improvement was reversed by the end of 2023, with the quick ratio dropping to 0.14, potentially signaling some liquidity concerns for the company.
By December 31, 2024, the quick ratio significantly improved to 0.30, indicating a stronger ability to cover short-term liabilities with liquid assets. Overall, the fluctuations in PG&E Corp's quick ratio reflect varying levels of liquidity and the company's ability to meet its short-term financial obligations over the specified period.
Peer comparison
Dec 31, 2024