Quanta Services Inc (PWR)
Cash 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 and cash equivalents | US$ in thousands | 741,960 | 764,067 | 520,383 | 531,056 | 1,293,900 | 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 |
| Short-term investments | US$ in thousands | — | — | — | 552,181 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 6,028,510 | 6,525,340 | 5,315,990 | 4,831,180 | 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 |
| Cash ratio | 0.12 | 0.12 | 0.10 | 0.22 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($741,960K
+ $—K)
÷ $6,028,510K
= 0.12
The cash ratio of Quanta Services Inc has displayed fluctuations over the past few years, ranging from 0.05 to 0.72. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
The company's cash ratio was notably high at 0.72 as of September 30, 2021, indicating a strong liquidity position at that time. However, the ratio decreased to 0.05 by June 30, 2022, which may suggest a potential liquidity concern or a deployment of excess cash into other investments or operations.
Throughout the subsequent quarters, the cash ratio fluctuated within a range, showing some level of variability in the company's cash management. It is essential for stakeholders to monitor these fluctuations to ensure the company maintains a healthy cash position to meet its short-term obligations.
Overall, the cash ratio analysis reveals the company's ability to meet short-term liabilities using its cash reserves, with the need to closely monitor fluctuations in liquidity levels to manage potential risks effectively.
Peer comparison
Dec 31, 2024