Public Service Enterprise Group Inc (PEG)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 120,000 | 82,000 | 65,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,736,000 | 1,590,000 | 1,620,000 | 1,892,000 | 2,345,000 | 1,930,000 | 2,223,000 | 1,934,000 | 2,085,000 | 1,616,000 | 1,624,000 | 1,670,000 | 1,702,000 | 1,576,000 | 1,585,000 | 1,452,000 | 1,573,000 | 1,345,000 | 1,311,000 | 1,791,000 |
| 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 |
| Quick ratio | 0.35 | 0.32 | 0.38 | 0.57 | 0.42 | 0.34 | 0.56 | 0.67 | 0.41 | 0.42 | 0.39 | 0.54 | 0.41 | 0.48 | 0.35 | 0.44 | 0.34 | 0.36 | 0.35 | 0.41 |
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 measures a company's ability to meet its short-term obligations using its most liquid assets. A higher quick ratio indicates stronger liquidity and a better ability to cover immediate liabilities.
In the case of Public Service Enterprise Group Inc., the quick ratio has shown some fluctuations over the past eight quarters. In Q4 2023, the quick ratio was 0.46, which means the company had $0.46 in liquid assets for every $1 of current liabilities. This was a slight decrease from the previous quarter's ratio of 0.45.
Looking back further, in Q1 2023, the quick ratio was 0.66, showing a notable improvement compared to the most recent quarter. This suggests that the company had a higher level of liquid assets relative to its current liabilities at that time.
Comparing the current quick ratio to Q4 2022 and Q3 2022, where the ratios were 0.50 and 0.46 respectively, we can see a mixed performance in liquidity management by the company in recent quarters.
Overall, the quick ratio trend for Public Service Enterprise Group Inc. indicates some variability in liquidity levels, with recent quarters showing a lower ratio compared to earlier periods in the year. This may suggest a need for the company to closely monitor its liquidity position and potentially take steps to improve its ability to meet short-term obligations.
Peer comparison
Dec 31, 2023