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