Xcel Energy Inc (XEL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,325,000 | 4,069,000 | 5,144,000 | 4,239,000 | 3,275,000 |
| Total current liabilities | US$ in thousands | 6,459,000 | 5,652,000 | 6,078,000 | 5,046,000 | 4,239,000 |
| Current ratio | 0.67 | 0.72 | 0.85 | 0.84 | 0.77 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,325,000K ÷ $6,459,000K
= 0.67
The current ratio of Xcel Energy Inc has shown a fluctuating trend over the past five years, from 0.77 in December 2020 to 0.67 in December 2024. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone.
Xcel Energy Inc's current ratio has been below 1 in each of the five years provided, suggesting potential liquidity concerns. A declining current ratio over time may indicate challenges in managing short-term obligations or an imbalance in the company's current asset and current liability structure. It is important for investors and stakeholders to closely monitor Xcel Energy Inc's liquidity position and assess whether the company can effectively meet its short-term financial commitments.
Peer comparison
Dec 31, 2024