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