Xcel Energy Inc (XEL)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,315,000 | 1,220,000 | 1,111,000 | 1,300,000 | 1,373,000 | 1,196,000 | 1,084,000 | 1,190,000 | 1,018,000 | 1,022,000 | 948,000 | 959,000 | 916,000 | 899,000 | 799,000 | 839,000 | 837,000 | 821,000 | 737,000 | 974,000 |
| 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 |
| Quick ratio | 0.27 | 0.39 | 0.31 | 0.27 | 0.29 | 0.36 | 0.40 | 0.24 | 0.23 | 0.88 | 0.98 | 1.06 | 0.98 | 1.05 | 0.44 | 0.19 | 0.24 | 0.34 | 0.22 | 0.24 |
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 eight quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities.
In the most recent quarter (Q4 2023), Xcel Energy, Inc. reported a quick ratio of 0.59, which was the lowest quick ratio observed in the provided data. This suggests that the company may be less able to cover its current liabilities with its quick assets.
The quick ratio has shown some variability in the recent quarters. It decreased from 0.71 in Q4 2022 to 0.59 in Q4 2023. This declining trend indicates a potential weakening in Xcel Energy's short-term liquidity position.
Overall, a quick ratio below 1, as exhibited by Xcel Energy, Inc., may raise concerns about the company's ability to handle its short-term financial obligations effectively. It is essential for investors and stakeholders to monitor any further changes in the quick ratio to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2023