Public Service Enterprise Group Inc (PEG)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 125,000 | 54,000 | 465,000 | 818,000 | 543,000 |
| Short-term investments | US$ in thousands | — | 2,780,000 | — | — | 60,000 |
| Receivables | US$ in thousands | 2,304,000 | 1,736,000 | 2,345,000 | 2,085,000 | 1,702,000 |
| Total current liabilities | US$ in thousands | 6,505,000 | 5,057,000 | 6,680,000 | 7,072,000 | 5,522,000 |
| Quick ratio | 0.37 | 0.90 | 0.42 | 0.41 | 0.42 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($125,000K
+ $—K
+ $2,304,000K)
÷ $6,505,000K
= 0.37
The quick ratio of Public Service Enterprise Group Inc has fluctuated over the years. In December 2020 and December 2021, the quick ratio was 0.42 and 0.41 respectively, indicating the company may have had difficulties meeting its short-term obligations using its most liquid assets. However, there was a significant improvement in December 2023 when the quick ratio rose to 0.90, suggesting increased liquidity and the ability to cover short-term liabilities more comfortably.
Subsequently, in December 2024, the quick ratio decreased to 0.37, signaling a potential decrease in liquidity compared to the previous year. Overall, the quick ratio trend indicates varying levels of liquidity over the years, with the company experiencing both strengths and weaknesses in terms of its ability to cover short-term obligations with its liquid assets.
Peer comparison
Dec 31, 2024