Portland General Electric Co (POR)

Current 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
Total current assets	US$ in thousands	1,025,000	950,000	848,000	1,082,000	935,000	724,000	676,000	766,000	1,210,000	750,000	802,000	876,000	688,000	899,000	604,000	622,000	721,000	720,000	736,000	505,000
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
Current ratio		0.92	0.98	1.00	1.22	0.84	1.14	0.89	1.02	0.81	0.76	0.87	0.94	0.90	1.04	0.71	0.80	0.88	0.78	0.96	0.80

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 fluctuations over the past few years, ranging from 0.71 to 1.22. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.

A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations. The company experienced a concerning trend in the first half of 2021, with the current ratio dropping to as low as 0.71 in June 2021. This suggests potential liquidity issues during that period.

However, the current ratio improved significantly in the following quarters, reaching a peak of 1.22 in March 2024. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is a positive sign of financial health and liquidity.

Overall, while the current ratio of Portland General Electric Co has shown some volatility, the upward trend in recent quarters reflects an improved ability to cover short-term obligations with current assets.