WEC Energy Group Inc (WEC)
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 | 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 | 37,500 | 20,000 | 37,900 | 30,600 |
| 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 | 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 | 3,182,700 | 2,818,400 | 3,362,000 | 2,889,900 |
| Cash ratio | 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 | 0.01 | 0.01 | 0.01 | 0.01 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($42,900K
+ $—K)
÷ $5,114,800K
= 0.01
The cash ratio of WEC Energy Group Inc has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 0.10 in Q4 2023 to a high of 0.17 in Q1 2022. The cash ratio measures the 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 using available cash, while a lower ratio may suggest potential liquidity challenges. WEC Energy Group Inc's cash ratio has generally been above 0.10, indicating a healthy level of liquidity over the period analyzed.
The decrease in the cash ratio from 0.17 in Q1 2022 to 0.10 in Q4 2023 may warrant further investigation into changes in the company's cash position or short-term liabilities. Overall, maintaining a sufficient cash ratio is important for ensuring financial stability and meeting short-term financial obligations.
Peer comparison
Dec 31, 2023