Xcel Energy Inc (XEL)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 129,000 | 111,000 | 166,000 | 129,000 | 248,000 |
| Short-term investments | US$ in thousands | 104,000 | 279,000 | 123,000 | 49,000 | 55,000 |
| Receivables | US$ in thousands | 1,315,000 | 1,373,000 | 1,018,000 | 916,000 | 837,000 |
| Total current liabilities | US$ in thousands | 5,652,000 | 6,078,000 | 5,046,000 | 4,239,000 | 4,568,000 |
| Quick ratio | 0.27 | 0.29 | 0.26 | 0.26 | 0.25 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($129,000K
+ $104,000K
+ $1,315,000K)
÷ $5,652,000K
= 0.27
The quick ratio of Xcel Energy, Inc. has shown some fluctuations over the past five years, ranging from 0.56 in 2019 to 0.72 in 2021. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets.
In 2023, the quick ratio decreased to 0.59 from 0.71 in 2022. This decline indicates that the company may have a slightly weaker ability to cover its short-term liabilities with its quick assets in 2023 compared to the previous year. However, a quick ratio of 0.59 still suggests that Xcel Energy may face challenges in meeting its short-term obligations if they were all to come due at once.
Overall, Xcel Energy's quick ratio has been relatively stable over the past five years, with occasional fluctuations. It is essential to monitor this ratio closely to assess the company's short-term liquidity position accurately.
Peer comparison
Dec 31, 2023