Xcel Energy Inc (XEL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,069,000 | 4,402,000 | 4,201,000 | 4,253,000 | 5,144,000 | 5,090,000 | 4,842,000 | 4,022,000 | 4,239,000 | 4,487,000 | 4,147,000 | 4,315,000 | 3,275,000 | 3,837,000 | 4,390,000 | 2,983,000 | 3,113,000 | 3,600,000 | 2,939,000 | 2,909,000 |
| 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 |
| Current ratio | 0.72 | 0.87 | 0.80 | 0.75 | 0.85 | 1.04 | 1.00 | 0.75 | 0.84 | 0.78 | 0.84 | 0.88 | 0.77 | 0.87 | 0.80 | 0.51 | 0.68 | 0.72 | 0.58 | 0.66 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,069,000K ÷ $5,652,000K
= 0.72
The current ratio for Xcel Energy, Inc. has fluctuated over the past eight quarters, ranging from a low of 0.72 in Q4 2023 to a high of 1.04 in Q3 2022. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
The current ratio reached its lowest point in Q4 2023 at 0.72, which may raise concerns about the company's liquidity position. However, it improved slightly in Q3 2023, reaching 0.87. Over the past two years, the company's current ratio has generally been below 1, which suggests that Xcel Energy may have been relying on short-term financing to meet its current obligations.
It is important for investors and stakeholders to closely monitor Xcel Energy's current ratio trends to assess the company's ability to manage its short-term financial obligations effectively. A sustained improvement in the current ratio over the upcoming quarters would indicate a stronger liquidity position for the company.
Peer comparison
Dec 31, 2023