Xcel Energy Inc (XEL)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 179,000 | 129,000 | 111,000 | 166,000 | 129,000 |
| Short-term investments | US$ in thousands | — | 104,000 | 279,000 | 123,000 | 49,000 |
| Total current liabilities | US$ in thousands | 6,459,000 | 5,652,000 | 6,078,000 | 5,046,000 | 4,239,000 |
| Cash ratio | 0.03 | 0.04 | 0.06 | 0.06 | 0.04 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($179,000K
+ $—K)
÷ $6,459,000K
= 0.03
The cash ratio of Xcel Energy Inc has shown fluctuations over the years based on the provided data. As of December 31, 2020, the cash ratio was 0.04, indicating that the company had $0.04 of cash and cash equivalents for every dollar of current liabilities.
There was an improvement in the cash ratio to 0.06 by the end of December 31, 2021, and this ratio remained stable at 0.06 by the end of December 31, 2022. This increase suggests that Xcel Energy Inc had a higher level of liquidity, with more cash reserves relative to its current liabilities during these periods.
However, by December 31, 2023, the cash ratio dropped back to 0.04, indicating a potential decrease in cash reserves compared to the previous year. The trend continued with a further decrease in the cash ratio to 0.03 by December 31, 2024, signaling a potential strain on the company's liquidity position.
Overall, it is crucial for Xcel Energy Inc to closely monitor its cash reserves and ensure they are sufficient to cover its short-term obligations and maintain financial stability.
Peer comparison
Dec 31, 2024