Vistra Energy Corp (VST)
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 | 1,188,000 | 905,000 | 1,647,000 | 1,102,000 | 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 |
| Short-term investments | US$ in thousands | — | — | 2,258,000 | 59,000 | 53,000 | 89,000 | 87,000 | 78,000 | 92,000 | 80,000 | 39,000 | — | 14,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 19,000 | 16,000 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 8,432,000 | 7,660,000 | 10,057,000 | 8,775,000 | 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 |
| Quick ratio | 0.14 | 0.12 | 0.39 | 0.13 | 0.36 | 0.37 | 0.10 | 0.07 | 0.05 | 0.05 | 0.13 | 0.10 | 0.23 | 0.05 | 0.09 | 0.11 | 0.14 | 0.15 | 0.09 | 0.16 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,188,000K
+ $—K
+ $—K)
÷ $8,432,000K
= 0.14
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates better liquidity and financial health, as it means the company has more current assets readily available to cover its current liabilities.
Analyzing the quick ratio of Vistra Energy Corp over the past few years, we observe fluctuations in the ratio. The quick ratio varied between 0.05 and 0.39 during the period provided. The quick ratio was particularly low around mid-2021 and late 2022, indicating potential challenges in meeting short-term obligations with liquid assets during those periods.
However, there was a notable improvement in the quick ratio by the end of 2023, reaching 0.36 and further increasing to 0.39 by mid-2024. This substantial increase suggests the company strengthened its liquidity position and had a higher level of liquid assets relative to its current liabilities, indicating improved short-term financial stability.
Overall, despite some fluctuations, Vistra Energy Corp's quick ratio has shown a positive trend towards better liquidity and financial strength in the latter part of the period under consideration. It is essential for investors and stakeholders to continue monitoring this ratio to assess the company's ongoing ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024