Public Service Enterprise Group Inc (PEG)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,373,000 | 4,303,000 | 6,250,000 | 3,630,000 | 3,231,000 |
| Total current liabilities | US$ in thousands | 5,057,000 | 6,680,000 | 7,072,000 | 5,522,000 | 5,047,000 |
| Current ratio | 0.67 | 0.64 | 0.88 | 0.66 | 0.64 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,373,000K ÷ $5,057,000K
= 0.67
The current ratio of Public Service Enterprise Group Inc. has exhibited some fluctuations over the past five years. In 2023, the current ratio is 0.67, indicating that the company has $0.67 in current assets for every $1 in current liabilities, which suggests a decrease from the previous year. This may raise concerns about the company's ability to meet its short-term obligations.
Comparing to prior years, in 2022, the current ratio was 0.64, showing a slight decline from 2021 when it was 0.88. The notably higher ratio in 2021 was more favorable as it indicated stronger liquidity and a better ability to cover short-term obligations. However, in 2020 and 2019, the current ratio was also low, at 0.66 and 0.64 respectively, indicating persistent challenges in managing short-term liquidity.
Overall, the trend in the current ratio for Public Service Enterprise Group Inc. suggests some instability in the company's ability to cover its short-term liabilities with its current assets. It is important for the company to closely monitor and manage its liquidity position to ensure financial stability and meet its obligations in a timely manner.
Peer comparison
Dec 31, 2023