Vistra Energy Corp (VST)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 3,485,000 | 3,170,000 | 643,000 | 518,000 | 455,000 | 535,000 | 1,871,000 | 1,022,000 | 1,325,000 | 351,000 | 444,000 | 561,000 | 406,000 | 500,000 | 382,000 | 717,000 | 300,000 | 707,000 | 964,000 | 546,000 |
| Short-term investments | US$ in thousands | — | 89,000 | 87,000 | 78,000 | 92,000 | 80,000 | 39,000 | — | — | — | 1,912,000 | 1,803,000 | 1,759,000 | 1,632,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 9,823,000 | 8,748,000 | 7,626,000 | 8,162,000 | 10,337,000 | 11,911,000 | 14,499,000 | 9,865,000 | 5,843,000 | 7,922,000 | 5,223,000 | 5,406,000 | 3,036,000 | 3,383,000 | 4,631,000 | 4,604,000 | 4,574,000 | 3,915,000 | 3,657,000 | 3,238,000 |
| Cash ratio | 0.35 | 0.37 | 0.10 | 0.07 | 0.05 | 0.05 | 0.13 | 0.10 | 0.23 | 0.04 | 0.45 | 0.44 | 0.71 | 0.63 | 0.08 | 0.16 | 0.07 | 0.18 | 0.26 | 0.17 |
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 measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
Looking at Vistra Corp's cash ratio over the past eight quarters, we can observe fluctuations in the ratio. In Q4 2023, the cash ratio was 0.93, indicating that the company had $0.93 in cash and cash equivalents for every dollar of short-term liabilities. This was slightly higher compared to the previous quarter (Q3 2023) where the ratio was 0.91.
The cash ratio has shown some variability over the quarters, with the lowest point being in Q4 2022 at 0.81 and the highest in Q1 2022 at 0.92. Overall, the company has maintained a relatively stable cash position to cover its short-term obligations, with the ratio consistently above 0.80.
It is important to note that while the cash ratio provides insights into liquidity, it does not consider other current assets that could be converted into cash quickly. Therefore, a holistic analysis of Vistra Corp's liquidity position would involve considering additional liquidity ratios and examining the composition of its current assets beyond just cash and cash equivalents.
Peer comparison
Dec 31, 2023