Portland General Electric Co (POR)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 500,000 | 416,000 | 440,000 | 596,000 |
| 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 |
| Current ratio | 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 | 0.96 | 0.81 | 1.00 | 0.82 |
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 fluctuated over the past eight quarters. In Q4 2023, the current ratio was 0.84, indicating that the company's current assets were insufficient to cover its current liabilities. This could raise concerns about the company's short-term liquidity and ability to meet its obligations.
The current ratio improved in Q3 2023 to 1.14, suggesting that the company had a healthier liquidity position with current assets more than sufficient to cover current liabilities. However, this improvement was not sustained, as the ratio decreased to 0.89 in Q2 2023 and further to 1.02 in Q1 2023.
Comparing the current ratios across quarters, it is evident that there are fluctuations in the company's liquidity position. The current ratio was particularly weak in Q4 2022 at 0.81, but it improved in Q1 2022 to 0.94. Overall, the company's current ratio has shown variability, indicating a degree of instability in its short-term financial position.
Further analysis and monitoring of the current ratio will be essential for stakeholders to assess Portland General Electric Co's liquidity risk and financial health.
Peer comparison
Dec 31, 2023