PPL Corporation (PPL)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 306,000 | 331,000 | 356,000 | 3,571,000 | 442,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 266,000 |
| Receivables | US$ in thousands | 1,037,000 | 1,221,000 | 1,046,000 | 641,000 | 881,000 |
| Total current liabilities | US$ in thousands | 3,333,000 | 3,340,000 | 3,789,000 | 2,323,000 | 15,055,000 |
| Quick ratio | 0.40 | 0.46 | 0.37 | 1.81 | 0.11 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($306,000K
+ $—K
+ $1,037,000K)
÷ $3,333,000K
= 0.40
The quick ratio of PPL Corporation has displayed significant fluctuations over the past five years. Starting at a very low level of 0.11 on December 31, 2020, the quick ratio witnessed a tremendous improvement by the end of 2021, surging to 1.81. However, this ratio declined notably in the subsequent years, standing at 0.37 on December 31, 2022, before slightly recovering to 0.46 by December 31, 2023. Finally, as of December 31, 2024, the quick ratio for PPL Corporation settled at 0.40, indicating the company's ability to meet its short-term obligations with its most liquid assets. The fluctuating trend in the quick ratio suggests varying levels of liquidity and highlights the importance of monitoring the company's current assets to current liabilities ratio for a comprehensive understanding of its short-term financial health.
Peer comparison
Dec 31, 2024