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CEG (Constellation Energy) Quick Ratio : 1.43 (As of Sep. 2024)


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What is Constellation Energy Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Constellation Energy's quick ratio for the quarter that ended in Sep. 2024 was 1.43.

Constellation Energy has a quick ratio of 1.43. It generally indicates good short-term financial strength.

The historical rank and industry rank for Constellation Energy's Quick Ratio or its related term are showing as below:

CEG' s Quick Ratio Range Over the Past 10 Years
Min: 0.8   Med: 1.1   Max: 1.61
Current: 1.43

During the past 6 years, Constellation Energy's highest Quick Ratio was 1.61. The lowest was 0.80. And the median was 1.10.

CEG's Quick Ratio is ranked better than
57.14% of 441 companies
in the Utilities - Independent Power Producers industry
Industry Median: 1.22 vs CEG: 1.43

Constellation Energy Quick Ratio Historical Data

The historical data trend for Constellation Energy's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Constellation Energy Quick Ratio Chart

Constellation Energy Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Quick Ratio
Get a 7-Day Free Trial 0.80 1.10 0.84 1.00 1.08

Constellation Energy Quarterly Data
Dec18 Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.61 1.08 1.19 1.10 1.43

Competitive Comparison of Constellation Energy's Quick Ratio

For the Utilities - Renewable subindustry, Constellation Energy's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Constellation Energy's Quick Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Constellation Energy's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Constellation Energy's Quick Ratio falls into.



Constellation Energy Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Constellation Energy's Quick Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Quick Ratio (A: Dec. 2023 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(8299-1500)/6319
=1.08

Constellation Energy's Quick Ratio for the quarter that ended in Sep. 2024 is calculated as

Quick Ratio (Q: Sep. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(9270-1472)/5452
=1.43

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Constellation Energy  (NAS:CEG) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Constellation Energy Quick Ratio Related Terms

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Constellation Energy Business Description

Traded in Other Exchanges
Address
1310 Point Street, Baltimore, MD, USA, 21231-3380
Constellation Energy Corp offers energy solutions. It provides clean energy and sustainable solutions to homes, businesses, the public sector, community aggregations, and a range of wholesale customers (such as municipalities, cooperatives, and other strategics). The company offers comprehensive energy solutions and a variety of pricing options for electric, natural gas, and renewable energy products for companies of any size.
Executives
Charles L. Harrington director 5875 TRINITY PKWY #300, CENTREVILLE VA 20120
Laurie Brlas director C/O ALBEMARLE CORPORATION, 4250 CONGRESS ST STE 900, CHARLOTTE NC 28209
Julie Holzrichter director 20 S. WACKER DRIVE, CHICAGO IL 60606
John M Richardson director 10 S. DEARBORN STREET, 54TH FLOOR, CHICAGO IL 60603
Bradley M Halverson director 100 N.E. ADAMS STREET, PEORIA IL 61629
Dhiaa M. Jamil director DUKE ENERGY CORPORATION, 550 SOUTH TRYON STREET - DEC45A, CHARLOTTE NC 28202
Robert J Lawless director C/O CARPENTER TECHNOLOGY CORP, 1047 NORTH PARK ROAD, WYOMISSING PA 19610
De Balmann Yves C director 360 MADISON AVE 20TH FL, C/O BREGAL INVESTMENTS, NEW YORK NY 10017
Khandpur K Ashish director 3M COMPANY LEGAL AFFAIRS, 3M CENTER, ST PAUL MN 55144-1000
Nneka Louise Rimmer director 18 LOVETON CIRCLE, SPARKS MD 21152
Michael Koehler officer: EVP & Chief Admin Officer 1310 POINT STREET, BALTIMORE MD 21231
Matthew N Bauer officer: SVP & Controller 1310 POINT STREET, BALTIMORE MD 21231
Kathleen Barron officer: EVP & Chief Strategy Officer 1310 POINT STREET, BALTIMORE MD 21231
David O. Dardis officer: EVP & General Counsel 1310 POINT STREET, BALTIMORE MD 21231
Daniel L. Eggers officer: EVP & CFO 1310 POINT STREET, BALTIMORE MD 21231