PPL Corporation (PPL)

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 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 1,278,000 915,000 815,000 670,000 406,000 518,000
Short-term investments US$ in thousands 266,000
Receivables US$ in thousands 1,221,000 1,068,000 1,049,000 1,154,000 1,046,000 926,000 867,000 669,000 641,000 651,000 658,000 711,000 881,000 830,000 771,000 837,000 792,000 737,000 772,000 853,000
Total current liabilities US$ in thousands 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 4,900,000 3,840,000 4,063,000 4,061,000
Quick ratio 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 0.33 0.37 0.29 0.34

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($331,000K + $—K + $1,221,000K) ÷ $3,340,000K
= 0.46

The quick ratio measures the ability of a company to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates a stronger liquidity position.

Looking at the quarterly data for PPL Corp, we can see that the quick ratio has fluctuated over the past eight quarters. In Q1 2022, the quick ratio was very high at 1.79, indicating a strong ability to cover short-term liabilities with liquid assets. However, in subsequent quarters, the quick ratio decreased significantly, reaching a low of 0.53 in Q2 2022 before gradually increasing again.

In the most recent quarter, Q4 2023, the quick ratio improved to 0.73 from the previous quarter's 0.79. While the quick ratio has shown some volatility, it is important to consider the industry benchmarks and company's historical trends when assessing its liquidity position. Further analysis may be needed to understand the factors contributing to these fluctuations and to evaluate the overall financial health of PPL Corp.


Peer comparison

Dec 31, 2023