Portland General Electric Co (POR)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,000 | 165,000 | 52,000 | 257,000 | 30,000 |
| Short-term investments | US$ in thousands | 19,000 | 116,000 | 102,000 | 33,000 | 25,000 |
| Total current liabilities | US$ in thousands | 1,112,000 | 1,496,000 | 768,000 | 815,000 | 519,000 |
| Cash ratio | 0.02 | 0.19 | 0.20 | 0.36 | 0.11 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,000K
+ $19,000K)
÷ $1,112,000K
= 0.02
The cash ratio of Portland General Electric Co has fluctuated over the past five years, ranging from 0.29 to 0.48. The ratio indicates the company's ability to cover its short-term liabilities with its most liquid asset, cash. A higher cash ratio implies a stronger liquidity position, as more cash is available to meet immediate obligations. However, a lower cash ratio may suggest a potential risk of difficulty in meeting short-term obligations promptly.
In 2023, the cash ratio decreased to 0.37 from 0.48 in 2022, reflecting a reduction in the proportion of cash to cover short-term obligations. Despite the decrease, the ratio remains within a reasonable range. It is important for investors and creditors to monitor changes in the cash ratio over time to assess the company's liquidity management and financial health.
Peer comparison
Dec 31, 2023