Portland General Electric Co (POR)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 12,000 | 35,000 | 6,000 | 176,000 | 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 |
| Short-term investments | US$ in thousands | — | 1,000 | — | — | — | 30,000 | 26,000 | 30,000 | 116,000 | 45,000 | 34,000 | 265,000 | 102,000 | 194,000 | 125,000 | 50,000 | 8,000 | 22,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.01 | 0.04 | 0.01 | 0.20 | 0.00 | 0.12 | 0.05 | 0.06 | 0.19 | 0.06 | 0.14 | 0.40 | 0.20 | 0.56 | 0.17 | 0.24 | 0.33 | 0.30 | 0.39 | 0.05 |
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 exhibited significant fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities.
In March 2020, the quick ratio was exceptionally low at 0.05, suggesting potential liquidity concerns. However, by September 2021, the ratio improved to 0.56, indicating a healthier liquidity position. This positive trend was short-lived as the ratio dropped to 0.06 in March 2022 before declining further to 0.00 by December 2023, signaling a potential liquidity crisis.
Portland General Electric Co's quick ratio then recovered slightly to 0.20 in March 2024, but remained relatively low compared to previous periods. Overall, the fluctuating quick ratio of the company reflects varying levels of liquidity and highlights the importance of closely monitoring its ability to meet short-term obligations with liquid assets.
Peer comparison
Dec 31, 2024