Public Service Enterprise Group Inc (PEG)
Cash 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 and cash equivalents | US$ in thousands | 54,000 | 57,000 | 547,000 | 1,205,000 | 465,000 | 377,000 | 2,207,000 | 1,603,000 | 818,000 | 1,811,000 | 107,000 | 803,000 | 543,000 | 966,000 | 431,000 | 799,000 | 147,000 | 120,000 | 82,000 | 65,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 5,057,000 | 5,190,000 | 5,750,000 | 5,448,000 | 6,680,000 | 6,806,000 | 7,934,000 | 5,292,000 | 7,072,000 | 8,105,000 | 4,492,000 | 4,546,000 | 5,522,000 | 5,260,000 | 5,783,000 | 5,160,000 | 5,047,000 | 4,067,000 | 3,982,000 | 4,473,000 |
| Cash ratio | 0.01 | 0.01 | 0.10 | 0.22 | 0.07 | 0.06 | 0.28 | 0.30 | 0.12 | 0.22 | 0.02 | 0.18 | 0.10 | 0.18 | 0.07 | 0.15 | 0.03 | 0.03 | 0.02 | 0.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($54,000K
+ $—K)
÷ $5,057,000K
= 0.01
The cash ratio of Public Service Enterprise Group Inc. has shown significant fluctuations over the past eight quarters, ranging from 0.12 to 0.43. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In the most recent quarter, Q4 2023, the cash ratio was 0.12, indicating that the company had only $0.12 in cash and cash equivalents for every dollar of current liabilities. This suggests a potential liquidity concern as the company may struggle to meet its short-term obligations solely with its cash reserves.
On the other hand, the highest cash ratio of 0.43 was recorded in Q1 2022, reflecting a stronger liquidity position where the company had $0.43 in cash and cash equivalents for every dollar of current liabilities. This could indicate a more secure financial position and the ability to easily meet short-term obligations.
Overall, the fluctuations in Public Service Enterprise Group Inc.'s cash ratio over the past quarters suggest varying levels of liquidity and the importance of monitoring the company's ability to manage its short-term financial obligations effectively. It would be advisable for stakeholders to keep a close eye on these trends to assess the company's financial health accurately.
Peer comparison
Dec 31, 2023