TXNM Energy, Inc. (TXNM)
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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | 247,328 | 220,135 | 162,270 | 185,906 | 211,023 | 198,830 | 150,968 | 174,586 | 204,702 | 171,183 | 133,324 |
| 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 |
| Quick ratio | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.38 | 0.25 | 0.25 | 0.28 | 0.55 | 0.34 | 0.10 | 0.23 | 0.19 | 0.14 | 0.13 |
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 exhibited fluctuations over the periods analyzed. The quick ratio, which is a measure of the company's ability to meet its short-term obligations with its most liquid assets, has shown a gradual increase from March 2020 to September 2021, indicating an improvement in the company's liquidity position. However, there was a significant decrease in the quick ratio in the first quarter of 2022, followed by some stability in the subsequent quarters.
The quick ratio peaked at 0.55 in September 2021, which suggests that the company had more than enough liquid assets to cover its short-term liabilities at that point in time. However, there was a decline in the quick ratio in the following quarters, indicating a potential strain on the company's liquidity position. The quick ratio dropped to 0.00 in December 2022 and remained low in the subsequent quarters, ranging from 0.00 to 0.01. A quick ratio of 0.00 indicates that the company may have difficulties meeting its short-term obligations with its current liquid assets.
Overall, the trend in TXNM Energy, Inc.'s quick ratio suggests a mix of strengths and weaknesses in its liquidity management. It is essential for the company to closely monitor and manage its liquidity position to ensure that it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024