Public Service Enterprise Group Inc (PEG)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 125,000 | 203,000 | 1,186,000 | 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 |
| Short-term investments | US$ in thousands | — | 2,974,000 | 108,000 | — | — | — | — | — | — | -2,463,000 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,304,000 | 1,634,000 | 1,742,000 | 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 |
| Total current liabilities | US$ in thousands | 6,505,000 | 5,858,000 | 5,388,000 | 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 |
| Quick ratio | 0.37 | 0.82 | 0.56 | 0.35 | 0.32 | 0.38 | 0.57 | 0.42 | 0.34 | 0.25 | 0.67 | 0.41 | 0.42 | 0.39 | 0.54 | 0.41 | 0.48 | 0.35 | 0.44 | 0.34 |
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
Public Service Enterprise Group Inc's quick ratio has shown fluctuations over the analyzed period from December 31, 2019, to December 31, 2024. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio started at a low of 0.34 as of December 31, 2019, indicating a potential liquidity concern. However, there was a gradual improvement in the quick ratio reaching a peak of 0.82 as of September 30, 2024, suggesting a significant enhancement in the company's liquidity position.
Throughout the period, the quick ratio displayed variability, which could be attributed to shifts in the company's current assets and current liabilities. Although the quick ratio fluctuated, it generally remained close to or above 1, implying that Public Service Enterprise Group Inc likely has enough liquid assets to cover its short-term liabilities.
The analysis suggests that the company has managed its liquidity effectively over the years, as evidenced by the overall improvement in the quick ratio. Continued monitoring of the quick ratio is recommended to assess the company's ongoing ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024