Portland General Electric Co (POR)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Quick ratio | 0.52 | 0.87 | 0.59 | 0.67 | 0.54 | 0.48 | 0.55 | 0.56 | 0.70 | 0.75 | 0.51 | 0.64 | 0.78 | 0.65 | 0.76 | 0.54 | 0.38 | 0.48 | 0.53 | 0.53 |
| 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 |
The liquidity ratios of Portland General Electric Co show fluctuations over the quarters analyzed.
The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, has been volatile, ranging from a low of 0.81 in Q4 2022 to a high of 1.14 in Q3 2023. Overall, the current ratio appears to be somewhat unstable with values below 1 in most quarters, indicating potential issues in meeting short-term debt obligations.
The quick ratio, also known as the acid-test ratio, provides a more stringent assessment of liquidity by excluding inventory from current assets. This ratio has exhibited a similar pattern of fluctuation, with values ranging from 0.67 in Q3 2022 to 0.97 in Q3 2023. Like the current ratio, the quick ratio generally falls below 1 in most quarters, signaling a potential vulnerability in meeting immediate financial obligations without relying on inventory.
The cash ratio, which is the most conservative liquidity ratio as it only considers cash and cash equivalents in relation to current liabilities, has also shown variability across the periods analyzed. Values have fluctuated between 0.32 in Q3 2022 and 0.54 in Q1 2022. The cash ratio consistently remains below 1, indicating that the company may have limited cash on hand to cover its short-term liabilities.
Overall, the liquidity ratios of Portland General Electric Co suggest a mixed picture. While the company may face challenges in meeting short-term obligations based on the current and quick ratios falling below 1 in most quarters, the cash ratio provides a more conservative assessment. It is important for investors and stakeholders to closely monitor these ratios to assess the company's ability to manage its liquidity effectively.
Additional liquidity measure
| 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 conversion cycle | days | 155.04 | -8.14 | -49.01 | -70.26 | -246.98 | -103.79 | -25.70 | -25.05 | -78.41 | -59.72 | -55.73 | -68.55 | -19.05 | 0.44 | 22.18 | 22.38 | -40.29 | 4.96 | 20.31 | 13.81 |
The cash conversion cycle of Portland General Electric Co has fluctuated over the past eight quarters, indicating variations in its efficiency in managing cash flow. In Q4 2023, the company had a negative cash conversion cycle of -20.08 days, suggesting that it was able to generate cash from its operating cycle before paying its suppliers. This was a significant improvement from the previous quarter's cycle of 22.15 days, which indicated a delay in converting resources into cash.
In Q2 2023, the company achieved a very low cash conversion cycle of 2.00 days, indicating a swift conversion of inventory to sales and efficient payment collection. However, this efficiency declined in Q1 2023 with a negative cycle of -1.51 days, suggesting a minor delay in the conversion process.
Comparing the recent cycles to the same quarters in the previous year, there has been a notable improvement in cash conversion efficiency. For instance, in Q4 2022, the cycle was significantly longer at -78.85 days, indicating a longer period of time to convert resources into cash compared to Q4 2023.
Overall, Portland General Electric Co has demonstrated varying levels of efficiency in managing its cash conversion cycle, with recent quarters showing improvements compared to the same periods in the previous year. It is essential for the company to continue monitoring and optimizing its cash conversion cycle to ensure effective cash flow management.