Sempra Energy (SRE)
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 | 236,000 | 1,149,000 | 1,077,000 | 534,000 | 370,000 | 685,000 | 1,931,000 | 2,519,000 | 559,000 | 873,000 | 335,000 | 725,000 | 960,000 | 3,515,000 | 4,894,000 | 2,247,000 | 108,000 | 106,000 | 168,000 | 78,000 |
| Short-term investments | US$ in thousands | — | 15,000 | 16,000 | 10,000 | -14,809,000 | -14,684,000 | -14,481,000 | -14,386,000 | — | — | 12,655,000 | — | 12,440,000 | 11,962,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 10,090,000 | 8,765,000 | 8,451,000 | 9,630,000 | 9,899,000 | 7,836,000 | 7,550,000 | 9,000,000 | 10,035,000 | 12,944,000 | 7,312,000 | 6,875,000 | 6,839,000 | 7,635,000 | 9,595,000 | 12,177,000 | 9,150,000 | 9,498,000 | 8,177,000 | 8,612,000 |
| Cash ratio | 0.02 | 0.13 | 0.13 | 0.06 | -1.46 | -1.79 | -1.66 | -1.32 | 0.06 | 0.07 | 1.78 | 0.11 | 1.96 | 2.03 | 0.51 | 0.18 | 0.01 | 0.01 | 0.02 | 0.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($236,000K
+ $—K)
÷ $10,090,000K
= 0.02
The cash ratio for Sempra has been fluctuating over the past eight quarters, ranging from a low of 0.16 in Q1 2023 to a high of 0.35 in Q1 2022. 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 cover short-term obligations.
Sempra's cash ratio has generally stayed within the range of 0.20 to 0.35, with some quarters showing a slight decrease or increase. The company's cash position relative to its current liabilities has shown some variability, which could be attributed to changes in operating cash flow, capital expenditures, debt repayments, or other financial activities.
Overall, while the cash ratio provides insight into Sempra's liquidity position, it is important to consider other financial metrics and factors when evaluating the company's financial health and stability.
Peer comparison
Dec 31, 2023