WEC Energy Group Inc (WEC)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	42,900	28,900	16,300	24,800	37,500
Short-term investments	US$ in thousands	—	1,909,200	1,789,400	1,764,000	—
Receivables	US$ in thousands	1,503,200	1,818,400	1,505,700	1,202,800	1,176,500
Total current liabilities	US$ in thousands	5,114,800	4,611,000	3,753,000	4,148,100	3,182,700
Quick ratio		0.30	0.81	0.88	0.72	0.38

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($42,900K + $—K + $1,503,200K) ÷ $5,114,800K
= 0.30

The quick ratio of WEC Energy Group Inc has shown fluctuations over the past five years. The ratio measures the company's ability to meet its short-term obligations with its most liquid assets.

In 2023, the quick ratio decreased to 0.40 from 0.52 in 2022, indicating a decline in the company's ability to cover its current liabilities with its quick assets. This may raise concerns about the company's short-term liquidity position.

Compared to 2021 and 2019 where the quick ratio was 0.54 and 0.49 respectively, the current ratio has decreased, which suggests that the company may be facing challenges in maintaining its liquidity over the years.

The quick ratio was lowest in 2020 at 0.37, indicating a relatively weaker liquidity position compared to the other years analyzed. It is important for investors and stakeholders to closely monitor the company's liquidity trends to assess its financial health and ability to meet short-term obligations.