Public Service Enterprise Group Inc (PEG)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 125,000 | 54,000 | 465,000 | 818,000 | 543,000 |
| Short-term investments | US$ in thousands | — | 2,780,000 | — | — | 60,000 |
| Total current liabilities | US$ in thousands | 6,505,000 | 5,057,000 | 6,680,000 | 7,072,000 | 5,522,000 |
| Cash ratio | 0.02 | 0.56 | 0.07 | 0.12 | 0.11 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($125,000K
+ $—K)
÷ $6,505,000K
= 0.02
The cash ratio of Public Service Enterprise Group Inc has shown fluctuations over the years based on the provided data. As of December 31, 2020, the cash ratio was 0.11, indicating that the company had $0.11 in cash for every dollar of current liabilities. By December 31, 2021, the cash ratio improved slightly to 0.12, suggesting a slight increase in liquidity. However, by the end of 2022, the cash ratio decreased significantly to 0.07, which may raise concerns about the company's ability to meet its short-term obligations using cash resources.
The cash ratio then experienced a substantial improvement by December 31, 2023, reaching 0.56. This indicates that the company significantly increased its cash reserves relative to its current liabilities, reflecting a stronger liquidity position. Nonetheless, by the end of 2024, the cash ratio dropped notably to 0.02, which could signal a potential liquidity pressure.
Overall, the trend in Public Service Enterprise Group Inc's cash ratio shows both positive and negative variations in its liquidity position over the years, highlighting the importance of consistently monitoring and managing its cash resources to ensure the company can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024