TXNM Energy, Inc. (TXNM)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	4,498	2,215	4,078	1,104	47,928
Short-term investments	US$ in thousands	—	-1,728	—	—	—
Receivables	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	1,775,100	1,230,760	890,370	664,213	977,662
Quick ratio		0.00	0.00	0.00	0.00	0.05

December 31, 2024 calculation

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

The quick ratio of TXNM Energy, Inc. has displayed a concerning trend over the past five years. Starting at a low level of 0.05 on December 31, 2020, the ratio has consistently decreased to 0.00 at the end of each subsequent year up to December 31, 2024. This indicates that the company may be facing challenges in meeting its short-term obligations with its most liquid assets, such as cash and accounts receivable. A quick ratio of 0.00 suggests that TXNM Energy, Inc. may have difficulty covering its current liabilities without relying on inventory liquidation or additional external financing. It is essential for the company to closely monitor and improve its liquidity position to ensure its financial stability and sustainability in the future.