Portland General Electric Co (POR)

Quick 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
Cash US$ in thousands 5,000 47,000 13,000 12,000 165,000 18,000 91,000 110,000 52,000 294,000 17,000 135,000 257,000 253,000 303,000 30,000 30,000 11,000 11,000 89,000
Short-term investments US$ in thousands 19,000 30,000 12,000 15,000 116,000 10,000 34,000 14,000 37,000 5,000 43,000 9,000 8,000 22,000
Receivables US$ in thousands 552,000 474,000 427,000 477,000 529,000 443,000 383,000 393,000 446,000 353,000 373,000 354,000 368,000 329,000 278,000 311,000 167,000 234,000 222,000 297,000
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
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

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,000K + $19,000K + $552,000K) ÷ $1,112,000K
= 0.52

The quick ratio, also known as the acid-test ratio, measures a company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio below 1 indicates that a company may have difficulty meeting its short-term obligations.

Analyzing the quick ratio of Portland General Electric Co over the past eight quarters, we observe fluctuations in the company's ability to cover its current liabilities with its quick assets. In Q4 2023, the quick ratio was 0.74, indicating a decline in liquidity compared to the previous quarter. This suggests that the company may have had difficulty meeting its short-term obligations with its liquid assets during that period.

The quick ratio has shown some variability over the quarters, ranging from a low of 0.67 in Q3 2022 to a high of 0.97 in Q3 2023. Overall, the company's quick ratio has generally been below 1, which may raise concerns about its short-term liquidity position. It is important for investors and creditors to monitor this ratio closely to assess the company's ability to meet its immediate financial obligations.


Peer comparison

Dec 31, 2023