Public Service Enterprise Group Inc (PEG)
Cash ratio
| Dec 31, 2024 | Sep 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 125,000 | 203,000 | 1,186,000 | 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 |
| Short-term investments | US$ in thousands | — | 2,974,000 | 108,000 | — | — | — | — | — | — | -2,463,000 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,505,000 | 5,858,000 | 5,388,000 | 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 |
| Cash ratio | 0.02 | 0.54 | 0.24 | 0.01 | 0.01 | 0.10 | 0.22 | 0.07 | 0.06 | -0.03 | 0.30 | 0.12 | 0.22 | 0.02 | 0.18 | 0.10 | 0.18 | 0.07 | 0.15 | 0.03 |
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 exhibited fluctuations over the periods from December 31, 2019, to December 31, 2024. The cash ratio represents the company's ability to cover its short-term liabilities with its cash and cash equivalents.
The cash ratio saw an improvement from 0.03 on December 31, 2019, to 0.15 on March 31, 2020, indicating a stronger ability to cover short-term obligations with available cash. However, it decreased to 0.07 by June 30, 2020, before rising again to 0.18 by September 30, 2020.
Further, the ratio showed some volatility fluctuating between 0.10 and 0.30 during the subsequent quarters. Notably, the cash ratio dipped to a negative value of -0.03 on June 30, 2022, which might raise concerns about the company's liquidity position.
However, the cash ratio recovered and improved to 0.54 on September 30, 2024, indicating a substantial increase in the company's ability to cover short-term obligations with its cash reserves.
Overall, the cash ratio of Public Service Enterprise Group Inc displays variability over time, suggesting fluctuations in the company's liquidity position and its ability to meet short-term financial obligations with available cash and cash equivalents.
Peer comparison
Dec 31, 2024