PPL Corporation (PPL)
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 | 306,000 | 542,000 | 282,000 | 276,000 | 331,000 | 353,000 | 326,000 | 460,000 | 356,000 | 303,000 | 336,000 | 4,249,000 | 3,571,000 | 4,767,000 | 7,629,000 | 421,000 | 442,000 | 746,000 | 1,278,000 | 915,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 266,000 | — | — | — |
| Receivables | US$ in thousands | 1,037,000 | 1,000,000 | 1,042,000 | 1,270,000 | 1,221,000 | 1,068,000 | 1,049,000 | 1,154,000 | 1,046,000 | 926,000 | 867,000 | 669,000 | 641,000 | 651,000 | 658,000 | 711,000 | 881,000 | 830,000 | 771,000 | 837,000 |
| Total current liabilities | US$ in thousands | 3,333,000 | 2,306,000 | 2,515,000 | 2,375,000 | 3,340,000 | 2,879,000 | 2,505,000 | 2,480,000 | 3,789,000 | 3,315,000 | 3,726,000 | 3,033,000 | 2,323,000 | 2,343,000 | 4,172,000 | 15,623,000 | 15,055,000 | 5,442,000 | 5,168,000 | 5,322,000 |
| Quick ratio | 0.40 | 0.67 | 0.53 | 0.65 | 0.46 | 0.49 | 0.55 | 0.65 | 0.37 | 0.37 | 0.32 | 1.62 | 1.81 | 2.31 | 1.99 | 0.07 | 0.11 | 0.29 | 0.40 | 0.33 |
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 experienced fluctuations over the period analyzed. From March 31, 2020, to December 31, 2021, the quick ratio ranged from a low of 0.07 to a high of 2.31, indicating significant variability in the company's ability to meet its short-term obligations with its most liquid assets.
Subsequently, from March 31, 2022, to December 31, 2024, the quick ratio stabilized within a narrower range between 0.32 and 0.67. This suggests an improvement in the company's short-term liquidity position compared to the earlier period.
Overall, fluctuations in the quick ratio can indicate shifts in the company's liquidity and ability to cover its short-term obligations. It is essential for investors and stakeholders to monitor these changes to assess PPL Corporation's financial health and ability to withstand unexpected financial challenges.
Peer comparison
Dec 31, 2024