Portland General Electric Co (POR)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 12,000 | 5,000 | 165,000 | 52,000 | 257,000 |
| Short-term investments | US$ in thousands | — | — | 116,000 | 102,000 | 33,000 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,119,000 | 1,112,000 | 1,496,000 | 768,000 | 815,000 |
| Quick ratio | 0.01 | 0.00 | 0.19 | 0.20 | 0.36 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($12,000K
+ $—K
+ $—K)
÷ $1,119,000K
= 0.01
The quick ratio of Portland General Electric Co has shown a declining trend over the years, starting at 0.36 in December 31, 2020, and dropping to 0.01 by December 31, 2024. This indicates a significant decrease in the company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1 typically suggests potential liquidity issues, as the company may struggle to meet its immediate financial obligations. It is important for investors and creditors to closely monitor this trend and assess the company's overall financial health and liquidity position.
Peer comparison
Dec 31, 2024