Sempra Energy (SRE)
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 | 1,565,000 | 560,000 | 228,000 | 606,000 | 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 |
| Short-term investments | US$ in thousands | — | -160,000 | 31,000 | 22,000 | — | 15,000 | 16,000 | 10,000 | -14,809,000 | -14,684,000 | -14,481,000 | -14,386,000 | — | — | 12,655,000 | — | 12,440,000 | 6,000 | 9,000 | 15,000 |
| Total current liabilities | US$ in thousands | 9,676,000 | 9,843,000 | 9,540,000 | 9,064,000 | 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 |
| Cash ratio | 0.16 | 0.04 | 0.03 | 0.07 | 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 | 0.46 | 0.51 | 0.19 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,565,000K
+ $—K)
÷ $9,676,000K
= 0.16
The cash ratio of Sempra Energy provides insight into the company's liquidity and ability to cover its short-term obligations with its cash and cash equivalents.
From March 31, 2020, to June 30, 2021, the cash ratio fluctuated significantly, ranging from as low as 0.11 to as high as 1.78. This indicates potential volatility in the company's cash position during this period.
The ratio dropped notably in the subsequent quarters, hitting negative values from March 31, 2022, to September 30, 2022, suggesting potential liquidity challenges or a decrease in cash reserves during that period.
However, starting from March 31, 2023, the cash ratio began to improve, gradually increasing to 0.16 by December 31, 2024. This positive trend indicates a strengthening of Sempra Energy's ability to cover its short-term obligations with cash.
Overall, the company may have experienced some liquidity challenges in the past but has shown resilience and improvement in its cash position in recent quarters, which is a positive sign for its financial health and ability to meet its short-term obligations in the future.
Peer comparison
Dec 31, 2024