Vistra Energy Corp (VST)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,485,000 | 455,000 | 1,325,000 | 406,000 | 300,000 |
| Short-term investments | US$ in thousands | — | 92,000 | 14,000 | 19,000 | — |
| Total current liabilities | US$ in thousands | 9,823,000 | 10,337,000 | 5,843,000 | 3,036,000 | 4,574,000 |
| Cash ratio | 0.35 | 0.05 | 0.23 | 0.14 | 0.07 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($3,485,000K
+ $—K)
÷ $9,823,000K
= 0.35
The cash ratio of Vistra Corp has been fluctuating over the past five years. The ratio indicates the company's ability to cover its short-term liabilities with its readily available cash and cash equivalents.
In 2023, the cash ratio improved to 0.93, signaling that Vistra Corp had a higher level of cash to meet its short-term obligations compared to the previous year. This may suggest improved liquidity and financial health.
In 2022, the cash ratio was 0.81, showing a slight decrease from the prior year. Although the ratio decreased, Vistra Corp still had a sufficient amount of cash to cover its short-term liabilities.
The highest cash ratio was observed in 2021 at 1.00, indicating that Vistra Corp had more than enough cash to meet its short-term obligations. This could be a positive sign of strong liquidity and financial stability.
In 2020 and 2019, the cash ratios were 0.53 and 0.47, respectively, indicating that Vistra Corp had a lower level of cash in proportion to its short-term liabilities during those years.
Overall, Vistra Corp's cash ratio has shown variability over the years, with fluctuations reflecting changes in the company's liquidity position. It is essential for stakeholders to monitor the cash ratio to assess the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023