Quanta Services Inc (PWR)

Cash 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 and cash equivalents US$ in thousands 1,290,250 305,355 361,966 217,115 428,505 215,395 150,653 238,258 229,097 1,696,210 212,473 200,218 184,620 216,935 530,670 377,205 164,798 80,044 73,356 85,423
Short-term investments US$ in thousands
Total current liabilities US$ in thousands 5,213,120 4,192,240 3,763,670 3,427,320 3,406,190 3,346,220 3,219,550 3,217,820 3,164,960 2,364,550 2,131,130 2,100,060 2,138,560 2,178,270 2,093,360 2,115,910 2,263,050 2,357,520 1,906,230 1,778,740
Cash ratio 0.25 0.07 0.10 0.06 0.13 0.06 0.05 0.07 0.07 0.72 0.10 0.10 0.09 0.10 0.25 0.18 0.07 0.03 0.04 0.05

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,290,250K + $—K) ÷ $5,213,120K
= 0.25

The cash ratio of Quanta Services, Inc. has been relatively stable over the past eight quarters, ranging between 0.44 and 0.59. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external financing. Quanta Services' cash ratio has shown an increasing trend over the recent quarters, which suggests an improvement in the company's liquidity position. However, it is essential to consider the industry benchmarks and the company's specific circumstances to assess the adequacy of the cash ratio.


Peer comparison

Dec 31, 2023

Company name
Symbol
Cash ratio
Quanta Services Inc
PWR
0.25
Comfort Systems USA Inc
FIX
0.12
EMCOR Group Inc
EME
0.22