Public Service Enterprise Group Inc (PEG)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 54,000 | 465,000 | 818,000 | 543,000 | 147,000 |
| Short-term investments | US$ in thousands | — | — | — | 60,000 | 113,000 |
| Receivables | US$ in thousands | 1,736,000 | 2,345,000 | 2,085,000 | 1,702,000 | 1,573,000 |
| Total current liabilities | US$ in thousands | 5,057,000 | 6,680,000 | 7,072,000 | 5,522,000 | 5,047,000 |
| Quick ratio | 0.35 | 0.42 | 0.41 | 0.42 | 0.36 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($54,000K
+ $—K
+ $1,736,000K)
÷ $5,057,000K
= 0.35
The quick ratio of Public Service Enterprise Group Inc. has shown some fluctuations over the past five years. The ratio was 0.46 at the end of 2023, slightly lower than the previous year's ratio of 0.50. Comparing to 2021 and 2020, the quick ratio remained relatively consistent at around 0.49 to 0.50. However, there was a noticeable improvement from the ratio of 0.46 at the end of 2019.
A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets. Public Service Enterprise Group Inc.'s quick ratio hovering around 0.5 over the years suggests that the company may have some challenges in quickly covering its current liabilities with its current assets. The trend indicates that the company may need to monitor its liquidity position closely and potentially take steps to improve it in the future.
Peer comparison
Dec 31, 2023