Vistra Energy Corp (VST)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,294,000 | 2,773,000 | 2,418,000 | 1,962,000 | 2,693,000 | 2,441,000 | 2,441,000 | 1,699,000 | 1,838,000 | 1,996,000 | 1,837,000 | 1,788,000 | 1,747,000 | 1,831,000 | 1,755,000 | 1,488,000 | 1,859,000 | 1,886,000 | 1,476,000 | 1,280,000 |
| 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 |
| Quick ratio | 0.59 | 0.69 | 0.41 | 0.31 | 0.31 | 0.26 | 0.30 | 0.28 | 0.54 | 0.30 | 0.80 | 0.77 | 1.29 | 1.17 | 0.46 | 0.48 | 0.47 | 0.66 | 0.67 | 0.56 |
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 a stable trend over the past eight quarters, ranging from 1.00 to 1.14. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets, excluding inventory.
With the quick ratio consistently above 1.00 in each quarter, it indicates that Vistra Corp has an adequate level of liquid assets to cover its current liabilities. A quick ratio of 1.11 in Q4 2023 suggests that for every dollar of current liabilities, the company has $1.11 of quick assets readily available to meet those obligations.
Overall, the trend of the quick ratio shows that Vistra Corp maintains a healthy liquidity position and is able to meet its short-term financial obligations comfortably across the periods analyzed.
Peer comparison
Dec 31, 2023