PG&E Corp (PCG)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 940,000 | 895,000 | 1,315,000 | 658,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 3,995,000 | 3,891,000 | 1,982,000 | 2,160,000 | 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 |
| 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 |
| Quick ratio | 0.30 | 0.28 | 0.18 | 0.18 | 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 |
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 has shown varying trends over the reported periods, indicating the company's ability to meet its short-term obligations with its most liquid assets. From March 31, 2020, to December 31, 2024, the quick ratio fluctuated, starting at 0.40 and reaching a low of 0.05 in June 30, 2020. Subsequently, there was an improvement in liquidity levels but remained relatively low, hovering between 0.13 to 0.24 until December 31, 2023.
Notably, there was a substantial increase in the quick ratio after September 30, 2024, reaching 0.30 by December 31, 2024. This suggests an enhancement in the company's ability to cover its short-term liabilities with its most liquid assets. However, further analysis is needed to determine the underlying reasons for the improvement and whether it is sustainable over time.
Peer comparison
Dec 31, 2024