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