Public Service Enterprise Group Inc (PEG)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,373,000 | 3,283,000 | 3,863,000 | 4,331,000 | 4,303,000 | 4,105,000 | 6,167,000 | 4,728,000 | 6,250,000 | 6,815,000 | 3,201,000 | 3,595,000 | 3,630,000 | 4,023,000 | 3,742,000 | 3,727,000 | 3,231,000 | 3,059,000 | 3,156,000 | 3,027,000 |
| 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 |
| Current ratio | 0.67 | 0.63 | 0.67 | 0.79 | 0.64 | 0.60 | 0.78 | 0.89 | 0.88 | 0.84 | 0.71 | 0.79 | 0.66 | 0.76 | 0.65 | 0.72 | 0.64 | 0.75 | 0.79 | 0.68 |
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 fluctuations over the past eight quarters, ranging from a low of 0.60 in Q3 2022 to a high of 0.89 in Q1 2022. The current ratio measures the company's ability to meet its short-term obligations using its current assets. A current ratio below 1 indicates that the company may have difficulty covering its short-term liabilities with its current assets.
In the most recent quarter, Q4 2023, the current ratio of 0.67 suggests that the company may face challenges in meeting its short-term obligations with its current assets. This ratio has been relatively consistent around the 0.60-0.70 range in recent quarters, indicating a potential trend in the company's liquidity management.
It is important for investors and stakeholders to monitor the current ratio closely to assess the company's liquidity position and its ability to handle short-term financial responsibilities. Fluctuations in the current ratio can indicate changes in the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2023