WEC Energy Group Inc (WEC)
Cash 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 and cash equivalents | US$ in thousands | 9,800 | 322,500 | 275,300 | 82,500 | 42,900 | 45,900 | 54,700 | 35,700 | 28,900 | 28,500 | 30,300 | 33,800 | 16,300 | 26,000 | 35,000 | 26,100 | 24,800 | 13,100 | 13,300 | 15,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 1,909,200 | 1,875,900 | 1,837,200 | 1,818,200 | 1,789,400 | 1,791,000 | 1,782,000 | 1,773,000 | 1,764,000 | 1,750,000 | — | — |
| Total current liabilities | US$ in thousands | 4,841,900 | 4,009,400 | 3,491,600 | 4,709,700 | 5,114,800 | 4,073,700 | 4,096,900 | 3,765,800 | 4,611,000 | 3,369,700 | 3,817,800 | 3,264,400 | 3,753,000 | 3,692,600 | 3,373,900 | 3,714,900 | 4,148,100 | 2,840,000 | 3,484,600 | 2,847,700 |
| Cash ratio | 0.00 | 0.08 | 0.08 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.42 | 0.57 | 0.49 | 0.57 | 0.48 | 0.49 | 0.54 | 0.48 | 0.43 | 0.62 | 0.00 | 0.01 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($9,800K
+ $—K)
÷ $4,841,900K
= 0.00
The cash ratio of WEC Energy Group Inc has shown fluctuations over the past few years. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
From March 31, 2020, to December 31, 2022, the cash ratio ranged from 0.00 to 0.62, indicating some volatility in the company's ability to cover its short-term obligations with available cash.
The ratio peaked at 0.62 on September 30, 2020, which suggests that WEC Energy Group Inc had a higher level of cash and cash equivalents relative to its current liabilities at that point. However, the ratio decreased to 0.00 by June 30, 2020, showing a sharp decline in the company's liquidity position.
Overall, the trend in the cash ratio shows some inconsistency in WEC Energy Group Inc's liquidity management. Investors and stakeholders may need to monitor the company's cash position closely to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024