Quanta Services Inc (PWR)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 741,960 | 1,290,250 | 428,505 | 229,097 | 184,620 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,028,510 | 5,213,120 | 3,406,190 | 3,164,960 | 2,138,560 |
| Cash ratio | 0.12 | 0.25 | 0.13 | 0.07 | 0.09 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($741,960K
+ $—K)
÷ $6,028,510K
= 0.12
Quanta Services Inc's cash ratio, a measure of its ability to cover short-term liabilities with cash and cash equivalents, has fluctuated over the years as follows:
- As of December 31, 2020, the cash ratio was 0.09, indicating that the company had $0.09 of cash and cash equivalents for every $1 of current liabilities.
- By December 31, 2021, the cash ratio decreased to 0.07, suggesting a slight decline in the company's liquidity position.
- However, in 2022, the cash ratio improved significantly to 0.13, showing a better ability to meet short-term obligations with available cash.
- As of December 31, 2023, the cash ratio increased further to 0.25, reaching its highest level in recent years and signaling a strong liquidity position.
- Nonetheless, in 2024, the cash ratio declined to 0.12, reflecting a slight decrease in the proportion of cash to current liabilities compared to the previous year.
Overall, Quanta Services Inc's cash ratio has shown variability over the years, with improvements in liquidity observed in certain periods but also some fluctuations. Investors and analysts may want to further investigate the reasons behind these changes to assess the company's financial health and risk profile.
Peer comparison
Dec 31, 2024