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