TXNM Energy, Inc. (TXNM)

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	4,498	7,235	3,235	2,988	2,215	7,768	7,640	4,132	4,078	5,622	3,484	4,389	1,104	49,481	18,457	7,521	47,928	30,893	2,823	16,249
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	1,775,100	1,369,640	1,138,640	1,107,130	1,230,760	1,478,570	1,108,240	1,195,460	890,370	666,469	894,484	673,043	664,213	475,207	636,467	1,511,120	977,662	1,251,580	1,265,770	1,114,920
Cash ratio		0.00	0.01	0.00	0.00	0.00	0.01	0.01	0.00	0.00	0.01	0.00	0.01	0.00	0.10	0.03	0.00	0.05	0.02	0.00	0.01

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($4,498K + $—K) ÷ $1,775,100K
= 0.00

TXNM Energy, Inc.'s cash ratio provides insight into the company's ability to cover short-term obligations with its readily available cash and cash equivalents. The cash ratio fluctuated over the analyzed period, ranging from 0.00 to 0.10.

The cash ratio, at times, appeared quite low, indicating that the company may not have had sufficient cash on hand to cover immediate financial obligations during those periods. However, it increased to 0.10 by September 30, 2021, which suggests an improvement in the company's liquidity position.

Overall, the cash ratio trend shows some volatility, with periods of minimal cash coverage followed by slight improvements. It is important for TXNM Energy, Inc. to closely monitor its cash reserves to ensure it can meet short-term financial demands effectively.