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