Portland General Electric Co (POR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 935,000 | 1,210,000 | 688,000 | 721,000 | 500,000 |
| Total current liabilities | US$ in thousands | 1,112,000 | 1,496,000 | 768,000 | 815,000 | 519,000 |
| Current ratio | 0.84 | 0.81 | 0.90 | 0.88 | 0.96 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $935,000K ÷ $1,112,000K
= 0.84
The current ratio of Portland General Electric Co has been fluctuating over the past five years. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone.
In 2023, the current ratio decreased to 0.84, which is lower than the ratios of the previous two years (0.81 in 2022 and 0.90 in 2021). This downward trend suggests that the company's current liabilities may be relatively higher compared to its current assets in 2023.
While the current ratio for 2023 is lower than in 2021 and 2022, it is still above the ratio in 2020 (0.88) and 2019 (0.96). This indicates that Portland General Electric Co's ability to cover its short-term obligations with current assets has improved since 2020 and 2019, despite a slight dip in 2023.
Overall, the current ratio trend of Portland General Electric Co indicates that the company's liquidity position has been somewhat volatile in recent years. It is essential for the company to closely monitor and manage its current assets and liabilities to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023