Portland General Electric Co (POR)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 12,000 | 35,000 | 6,000 | 176,000 | 5,000 | 47,000 | 13,000 | 12,000 | 165,000 | 18,000 | 91,000 | 110,000 | 52,000 | 294,000 | 17,000 | 135,000 | 257,000 | 253,000 | 303,000 | 30,000 |
| Short-term investments | US$ in thousands | — | 1,000 | — | — | — | 30,000 | 26,000 | 30,000 | 116,000 | 45,000 | 34,000 | 265,000 | 102,000 | 194,000 | 125,000 | 50,000 | 8,000 | 22,000 | — | — |
| Total current liabilities | US$ in thousands | 1,119,000 | 972,000 | 850,000 | 885,000 | 1,112,000 | 636,000 | 761,000 | 751,000 | 1,496,000 | 990,000 | 920,000 | 931,000 | 768,000 | 867,000 | 856,000 | 774,000 | 815,000 | 924,000 | 769,000 | 632,000 |
| Cash ratio | 0.01 | 0.04 | 0.01 | 0.20 | 0.00 | 0.12 | 0.05 | 0.06 | 0.19 | 0.06 | 0.14 | 0.40 | 0.20 | 0.56 | 0.17 | 0.24 | 0.33 | 0.30 | 0.39 | 0.05 |
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 fluctuated over the period from March 31, 2020, to December 31, 2024. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
Initially, the cash ratio was relatively low at 0.05 as of March 31, 2020, indicating that the company had a minimal amount of cash to cover its short-term obligations. This ratio improved significantly by June 30, 2020, reaching 0.39, suggesting a stronger liquidity position.
Subsequently, the cash ratio declined to 0.17 by June 30, 2021, before showing a spike to 0.56 by September 30, 2021, indicating a substantial increase in cash reserves relative to short-term liabilities.
However, the cash ratio experienced further fluctuations in the following periods, dipping to 0.14 by June 30, 2022, and reaching its lowest point of 0.00 by December 31, 2023, indicating a potential liquidity strain during that period.
The cash ratio regained some strength by reaching 0.20 by March 31, 2024. It continued to show improvements in the subsequent periods, albeit mildly, stabilizing around 0.01 to 0.04 from June 30, 2024, to December 31, 2024.
Overall, the analysis of Portland General Electric Co's cash ratio demonstrates a varying liquidity position over the period, reflecting the company's ability to meet its short-term obligations with available cash reserves.
Peer comparison
Dec 31, 2024