Portland General Electric Co (POR)
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 | 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 | 30,000 | 11,000 | 11,000 | 89,000 |
| Short-term investments | US$ in thousands | 19,000 | 30,000 | 12,000 | 15,000 | 116,000 | 10,000 | 34,000 | 14,000 | 37,000 | 5,000 | 43,000 | 9,000 | 8,000 | 22,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 519,000 | 514,000 | 440,000 | 731,000 |
| Cash ratio | 0.02 | 0.12 | 0.03 | 0.04 | 0.19 | 0.03 | 0.14 | 0.13 | 0.12 | 0.34 | 0.07 | 0.19 | 0.33 | 0.30 | 0.39 | 0.05 | 0.06 | 0.02 | 0.02 | 0.12 |
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 for Portland General Electric Co has fluctuated over the past eight quarters. It decreased from 0.48 in Q4 2022 to 0.32 in Q3 2022, before gradually increasing to 0.41 in Q1 2023. Subsequently, there was a slight decrease to 0.34 in Q2 2023, followed by a further decrease to 0.39 in Q3 2023. The most recent data point for Q4 2023 shows a cash ratio of 0.37.
Overall, the cash ratio indicates a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio signifies a stronger ability to meet short-term obligations without relying on external sources of financing. Portland General Electric Co's cash ratio has shown some variability, which could be influenced by factors such as changes in cash flow, investment in capital expenditures, or debt repayments. Monitoring the trend in the cash ratio can provide insights into the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023