Sempra Energy (SRE)
Quick 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 | 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 |
| Receivables | US$ in thousands | 2,086,000 | 1,882,000 | 1,654,000 | 2,200,000 | 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 |
| 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 |
| Quick ratio | 0.38 | 0.23 | 0.20 | 0.31 | 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 | 0.63 | 0.64 | 0.30 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,565,000K
+ $—K
+ $2,086,000K)
÷ $9,676,000K
= 0.38
The quick ratio of Sempra Energy has shown significant fluctuations over the years. It was as low as 0.30 as of March 31, 2020, indicating a potential liquidity issue at that time. However, the ratio improved to 2.21 by December 31, 2020, reflecting a strong ability to meet short-term obligations using quick assets.
Subsequently, the quick ratio decreased to 0.19 as of September 30, 2021, suggesting a potential liquidity challenge. The ratio then fluctuated, reaching negative values in the first half of 2022, indicating potential short-term liquidity concerns.
From March 31, 2023, onwards, the quick ratio showed more stability, hovering around 0.30 to 0.40, which suggests an improved ability to cover short-term liabilities with quick assets. It is essential for Sempra Energy to maintain a healthy quick ratio to ensure it can meet its short-term financial obligations efficiently.
Peer comparison
Dec 31, 2024