WEC Energy Group Inc (WEC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,911,700 | 2,795,700 | 3,187,700 | 2,656,700 | 2,083,000 |
| Total current liabilities | US$ in thousands | 4,841,900 | 5,114,800 | 4,611,000 | 3,753,000 | 4,148,100 |
| Current ratio | 0.60 | 0.55 | 0.69 | 0.71 | 0.50 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,911,700K ÷ $4,841,900K
= 0.60
The current ratio of WEC Energy Group Inc has shown some fluctuations over the past five years. As of December 31, 2020, the company had a current ratio of 0.50, indicating that its current assets were less than its current liabilities, which may raise concerns about its short-term liquidity. However, by December 31, 2021, the current ratio improved to 0.71, suggesting a better ability to cover its short-term obligations.
Subsequently, the current ratio slightly decreased to 0.69 by December 31, 2022, but still remained above the 1.0 benchmark, indicating a somewhat improved liquidity position. However, by December 31, 2023, the current ratio dropped to 0.55, signaling a potential liquidity strain with current assets being insufficient to cover current liabilities effectively.
The most recent data available as of December 31, 2024, shows a slight increase in the current ratio to 0.60. While this uptick is positive, the company may still need to focus on managing its current assets and liabilities effectively to enhance its short-term liquidity position and ensure it can meet its obligations as they fall due.
Peer comparison
Dec 31, 2024