Portland General Electric Co (POR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,025,000 | 935,000 | 1,210,000 | 688,000 | 721,000 |
| Total current liabilities | US$ in thousands | 1,119,000 | 1,112,000 | 1,496,000 | 768,000 | 815,000 |
| Current ratio | 0.92 | 0.84 | 0.81 | 0.90 | 0.88 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,025,000K ÷ $1,119,000K
= 0.92
The current ratio of Portland General Electric Co has shown some variability over the past five years, ranging from 0.81 to 0.92. While the current ratio measures the company's ability to meet its short-term obligations with its current assets, it is important to note that the ratio has generally been below 1. This indicates that the company may have difficulty in covering its current liabilities with its current assets alone. A current ratio below 1 may raise concerns about the company's short-term liquidity and ability to meet its obligations as they come due. It would be prudent for stakeholders to further investigate the company's current asset and liability composition to assess the underlying reasons for the fluctuating current ratio.
Peer comparison
Dec 31, 2024