Xcel Energy Inc (XEL)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 248,000 | 864,000 | 353,000 | 94,000 |
| Short-term investments | US$ in thousands | 104,000 | 146,000 | 233,000 | 97,000 | 279,000 | 456,000 | 534,000 | — | — | 3,446,000 | 3,389,000 | 3,154,000 | 3,096,000 | 2,813,000 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 4,568,000 | 5,021,000 | 5,060,000 | 4,424,000 |
| Cash ratio | 0.04 | 0.15 | 0.10 | 0.04 | 0.06 | 0.12 | 0.18 | 0.02 | 0.03 | 0.71 | 0.79 | 0.86 | 0.76 | 0.84 | 0.30 | 0.04 | 0.05 | 0.17 | 0.07 | 0.02 |
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. over the past eight quarters has shown some fluctuations. The cash ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In Q4 2023, the cash ratio was 0.21, which was lower compared to the previous quarter (Q3 2023) where it stood at 0.35. This decrease may imply that Xcel Energy, Inc. had relatively less cash on hand to cover its short-term obligations in Q4 2023.
However, comparing Q4 2023 to the same quarter in the previous year (Q4 2022), the cash ratio decreased from 0.31 to 0.21, indicating a potential decrease in liquidity compared to the previous year.
Throughout the quarters, the cash ratio has varied between 0.21 and 0.48. The highest cash ratio was observed in Q3 2022 at 0.48, suggesting a relatively strong ability to cover short-term liabilities with available cash during that period.
Overall, the fluctuating trend in Xcel Energy, Inc.'s cash ratio implies a potential shift in the company's liquidity position over the analyzed period. Further analysis and comparison with industry benchmarks may provide additional insights into the company's cash management and liquidity position.
Peer comparison
Dec 31, 2023