>
Switch to:

Public Service Enterprise Group Quick Ratio

: 0.79 (As of Mar. 2022)
View and export this data going back to 1986. Start your Free Trial

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. Public Service Enterprise Group's quick ratio for the quarter that ended in Mar. 2022 was 0.79.

Public Service Enterprise Group has a quick ratio of 0.79. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Public Service Enterprise Group's Quick Ratio or its related term are showing as below:

PEG' s Quick Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.72   Max: 1.16
Current: 0.79

During the past 13 years, Public Service Enterprise Group's highest Quick Ratio was 1.16. The lowest was 0.31. And the median was 0.72.

PEG's Quick Ratio is ranked worse than
64.75% of 522 companies
in the Utilities - Regulated industry
Industry Median: 0.96 vs PEG: 0.79

Public Service Enterprise Group Quick Ratio Historical Data

The historical data trend for Public Service Enterprise Group'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.

Public Service Enterprise Group Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.59 0.53 0.46 0.50 0.78

Public Service Enterprise Group Quarterly Data
Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22
Quick Ratio 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.63 0.53 0.75 0.78 0.79

Competitive Comparison

For the Utilities - Diversified subindustry, Public Service Enterprise Group'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.

   

Public Service Enterprise Group Quick Ratio Distribution

For the Utilities - Regulated industry and Utilities sector, Public Service Enterprise Group's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Public Service Enterprise Group's Quick Ratio falls into.



Public Service Enterprise Group 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.

Public Service Enterprise Group's Quick Ratio for the fiscal year that ended in Dec. 2021 is calculated as

Quick Ratio (A: Dec. 2021 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(6250-744)/7072
=0.78

Public Service Enterprise Group's Quick Ratio for the quarter that ended in Mar. 2022 is calculated as

Quick Ratio (Q: Mar. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(4728-538)/5292
=0.79

* 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.


Public Service Enterprise Group  (NYSE:PEG) 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.


Public Service Enterprise Group Quick Ratio Related Terms

Thank you for viewing the detailed overview of Public Service Enterprise Group's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Public Service Enterprise Group Business Description

Public Service Enterprise Group logo
Industry
Utilities » Utilities - Regulated NAICS : 221121 SIC : 4911
Address
80 Park Plaza, Newark, NJ, USA, 07102
Public Service Enterprise Group is the holding company for a regulated utility (PSE&G) and other nonregulated businesses such as nuclear power generation and clean energy infrastructure. PSE&G provides regulated gas and electricity delivery services in New Jersey to a combined 4 million customers. PSEG also operates the Long Island Power Authority system. In 2022, PSEG sold its gas and oil power plants in the Mid-Atlantic, New York, and the Northeast.
Executives
Larossa Ralph A officer: COO PSEG 80 PARK PLAZA NEWARK NJ 07102
Chernick Rose M officer: Vice President and Controller 80 PARK PLAZA, T4B NEWARK NJ 07102
Jackson Shirley A director 110 8TH STREEET TROY NY 12180-3590
Zollar Alfred W director C/O LOTUS SOFTWARE ONE ROGER STREET CAMBRIDGE MA 02142
Stephenson Scott G director C/O VERISK ANALYTICS, INC. 545 WASHINGTON BOULEVARD JERSEY CITY NJ 07310-1686
Deese Willie A director DENTSPLY SIRONA INC 13320 BALLANTYNE CORPORATE PLACE CHARLOTTE NC 28277
Tomasky Susan director AMERICAN ELECTRIC POWER 1 RIVERSIDE PLAZA COLUMBUS OH 43215
Ostrowsky Barry H director RWJBARNABAS HEALTH 95 OLD SHORT HILLS ROAD WEST ORANGE NJ 07052
Lilley David director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: LILLEY DAVID a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Surma John P director PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> Ownership Information: SURMA JOHN P a.header:link {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:visited {color: #3b4fae; font-weight: bold; text-decoration: underline;} a.header:hover {color: #191970;}
Sugg Laura A director ONE BRIARLAKE PLAZA, SUITE 2000 2000 WEST SAM HOUSTON PARKWAY SOUTH HOUSTON TX 77042
Cregg Daniel J officer: Executive VP & CFO 80 PARK PLAZA, T4 NEWARK NJ 07102
Izzo Ralph director, officer: Chairman, President and CEO PSEG 80 PARK PLAZA T6B NEWARK NJ 07102-4194
Daly David Matthew officer: President - PSE&G 80 PARK PLAZA, T4 NEWARK NJ 07102
Dirisio Derek M officer: President, PSEG Services Corp. PSEG 80 PARK PLAZA NEWARK NJ 07102

Public Service Enterprise Group Headlines

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)