Xcel Energy Inc (XEL)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 179,000 | 1,545,000 | 1,598,000 | 501,000 | 129,000 | 594,000 | 275,000 | 114,000 | 111,000 | 117,000 | 335,000 | 90,000 | 166,000 | 631,000 | 538,000 | 1,039,000 | 129,000 | 885,000 | 1,625,000 | 244,000 |
| Short-term investments | US$ in thousands | — | 179,000 | 234,000 | 86,000 | 104,000 | 146,000 | 233,000 | 97,000 | 279,000 | 456,000 | 95,000 | 125,000 | 123,000 | 228,000 | 148,000 | 25,000 | 18,000 | 19,000 | 18,000 | 24,000 |
| Total current liabilities | US$ in thousands | 6,459,000 | 5,858,000 | 5,900,000 | 5,210,000 | 5,652,000 | 5,073,000 | 5,231,000 | 5,661,000 | 6,078,000 | 4,903,000 | 4,865,000 | 5,352,000 | 5,046,000 | 5,764,000 | 4,950,000 | 4,877,000 | 4,239,000 | 4,393,000 | 5,473,000 | 5,839,000 |
| Cash ratio | 0.03 | 0.29 | 0.31 | 0.11 | 0.04 | 0.15 | 0.10 | 0.04 | 0.06 | 0.12 | 0.09 | 0.04 | 0.06 | 0.15 | 0.14 | 0.22 | 0.03 | 0.21 | 0.30 | 0.05 |
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 analyzed period. It started at a low of 0.05 as of March 31, 2020, increased to 0.30 by June 30, 2020, and then decreased to 0.03 by December 31, 2020. Subsequently, there were varying levels, with peaks at 0.31 as of June 30, 2024, and 0.29 as of September 30, 2024.
The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher ratio is generally favorable as it signals a stronger ability to meet short-term obligations without relying on external sources of funding. In contrast, a lower ratio may indicate potential liquidity challenges.
Overall, while the cash ratio showed some fluctuations, it hovered around moderate levels during the analyzed period, suggesting a reasonable ability to cover short-term liabilities with available cash and equivalents. However, the company should continue to monitor and manage its liquidity position to ensure stability and operational flexibility.
Peer comparison
Dec 31, 2024