PG&E Corp (PCG)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 635,000 | 589,000 | 805,000 | 1,028,000 | 734,000 | 262,000 | 239,000 | 247,000 | 291,000 | 420,000 | 307,000 | 229,000 | 484,000 | 464,000 | 968,000 | 1,960,000 | 1,570,000 | 2,970,000 | 3,459,000 | 2,964,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,048,000 | 2,178,000 | 2,107,000 | 2,568,000 | 2,645,000 | 2,726,000 | 2,203,000 | 2,080,000 | 2,345,000 | 1,817,000 | 1,909,000 | 1,835,000 | 1,883,000 | 1,775,000 | 1,419,000 | 1,319,000 | 1,287,000 | 1,412,000 | 1,278,000 | 1,319,000 |
| 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 |
| Quick ratio | 0.15 | 0.18 | 0.22 | 0.24 | 0.21 | 0.21 | 0.16 | 0.14 | 0.15 | 0.13 | 0.14 | 0.17 | 0.17 | 0.17 | 0.05 | 0.40 | 0.37 | 0.68 | 0.83 | 0.89 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($635,000K
+ $—K
+ $2,048,000K)
÷ $17,314,000K
= 0.15
The quick ratio of PG&E Corp. has fluctuated over the past eight quarters, ranging from 0.59 to 0.87. The quick ratio measures the company's ability to meet its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its current obligations.
In the most recent quarter, Q4 2023, the quick ratio was 0.76, which is relatively stable compared to the previous two quarters. This suggests that PG&E Corp. may have enough liquid assets to cover its short-term liabilities. However, the quick ratio has been hovering below 1 for the majority of the quarters, indicating a potential risk in meeting immediate financial obligations.
Overall, PG&E Corp.'s quick ratio has shown some variability, but the company should continue to monitor and manage its liquidity position to ensure it can meet its short-term obligations in a timely manner.
Peer comparison
Dec 31, 2023