Vistra Energy Corp (VST)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | 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 | — |
| Receivables | US$ in thousands | 2,294,000 | 2,693,000 | 1,838,000 | 1,747,000 | 1,859,000 |
| Total current liabilities | US$ in thousands | 9,823,000 | 10,337,000 | 5,843,000 | 3,036,000 | 4,574,000 |
| Quick ratio | 0.59 | 0.31 | 0.54 | 0.72 | 0.47 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($3,485,000K
+ $—K
+ $2,294,000K)
÷ $9,823,000K
= 0.59
The quick ratio of Vistra Corp has shown fluctuations over the past five years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
In 2019, the quick ratio was 0.76, indicating that Vistra Corp might have had difficulty meeting its short-term liabilities with its quick assets alone. However, since then, there has been a consistent improvement in the quick ratio.
By 2021, the quick ratio had increased to 1.24, suggesting that Vistra Corp had enhanced its liquidity position and could comfortably cover its short-term obligations with its quick assets. This trend continued in 2022 with a quick ratio of 1.02, indicating a slight decline from the previous year but still maintaining a healthy liquidity position.
In 2023, the quick ratio improved further to 1.11, indicating that Vistra Corp continued to strengthen its ability to meet short-term obligations. Overall, the increasing trend of the quick ratio over the years reflects a positive liquidity position for Vistra Corp, instilling confidence in its ability to manage short-term financial commitments effectively.
Peer comparison
Dec 31, 2023