Portland General Electric Co (POR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 12,000 | 5,000 | 165,000 | 52,000 | 257,000 |
| Short-term investments | US$ in thousands | — | — | 116,000 | 102,000 | 33,000 |
| Total current liabilities | US$ in thousands | 1,119,000 | 1,112,000 | 1,496,000 | 768,000 | 815,000 |
| Cash ratio | 0.01 | 0.00 | 0.19 | 0.20 | 0.36 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($12,000K
+ $—K)
÷ $1,119,000K
= 0.01
The cash ratio of Portland General Electric Co has experienced a downward trend over the years, decreasing from 0.36 in December 2020 to 0.01 in December 2024. This indicates a significant decline in the company's ability to cover its short-term liabilities solely with cash and cash equivalents. A decreasing cash ratio may raise concerns about the company's liquidity position and its ability to meet its immediate financial obligations. It is important for stakeholders to closely monitor this trend and assess the company's overall financial health and liquidity management strategies.
Peer comparison
Dec 31, 2024