PNM Resources Inc (PNM)

Cash 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 and cash equivalents US$ in thousands 2,215 7,768 7,640 4,132 4,078 5,622 3,484 4,389 1,104 49,481 18,457 7,521 47,928 30,893 2,823 16,249 3,833 20,094 4,226 180,088
Short-term investments US$ in thousands 26,841 26,066 455,409 453,007 437,028 440,115 408,551
Total current liabilities US$ in thousands 1,230,760 1,478,570 1,108,240 1,195,460 890,370 666,469 894,484 673,043 664,213 475,207 636,467 1,511,120 977,662 1,251,580 1,265,770 1,114,920 967,481 945,729 666,541 664,133
Cash ratio 0.00 0.01 0.01 0.00 0.03 0.01 0.03 0.01 0.00 1.06 0.74 0.29 0.50 0.35 0.00 0.01 0.00 0.02 0.01 0.27

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,215K + $—K) ÷ $1,230,760K
= 0.00

The cash ratio of PNM Resources Inc has varied over the past eight quarters, ranging from a low of 0.06 in Q2 2022 to a high of 0.11 in Q3 2022. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, as the company has more cash available to meet its immediate financial obligations.

In the most recent quarter, Q4 2023, the cash ratio was 0.08, showing a slight decrease from the previous quarter but remaining relatively stable compared to earlier quarters in 2023. While the cash ratio has fluctuated, it has generally remained within a narrow range, indicating that PNM Resources Inc has maintained a consistent level of liquidity over the past two years.

Overall, PNM Resources Inc's cash ratio suggests that the company has a moderate level of liquidity, with enough cash on hand to cover a portion of its short-term liabilities. Investors and analysts may want to further investigate the company's cash management and liquidity position to ensure the company can meet its financial obligations in the short term.


Peer comparison

Dec 31, 2023