Sempra Energy (SRE)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,276,000 | 2,053,000 | 2,070,000 | 2,734,000 | 2,802,000 | 1,959,000 | 2,558,000 | 2,667,000 | 2,173,000 | 1,539,000 | 1,526,000 | 1,699,000 | 1,711,000 | 1,265,000 | 1,234,000 | 1,406,000 | 1,405,000 | 593,000 | 470,000 | 491,000 |
| 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 |
| Quick ratio | 0.25 | 0.37 | 0.37 | 0.34 | -1.18 | -1.54 | -1.32 | -1.02 | 0.27 | 0.19 | 1.99 | 0.35 | 2.21 | 2.19 | 0.64 | 0.30 | 0.17 | 0.07 | 0.08 | 0.07 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($236,000K
+ $—K
+ $2,276,000K)
÷ $10,090,000K
= 0.25
The quick ratio of Sempra has shown fluctuations over time, ranging from 0.49 to 0.72 in the past eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current liquid assets.
Looking at the trend, the quick ratio has generally been below 1, indicating a potential weakness in Sempra's short-term liquidity position. The ratio increased from Q4 2022 to Q2 2022 but has since declined in the last two quarters. The downward trend in the quick ratio suggests that Sempra may be facing challenges in maintaining sufficient liquid assets to cover its short-term obligations.
Further analysis could involve comparing the quick ratio with industry peers to determine its relative liquidity position and assessing the company's ability to generate additional short-term liquidity if needed. It is important for stakeholders to closely monitor changes in the quick ratio to assess Sempra's financial health and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023