Quick Ratio or acid-test or liquidity ratio measures the ability of a company to use its near cash or quick assets to extinguish or retire its current liabilities immediately. Quick Ratio is defined as:
(Cash & ST Investments
(+) Accounts Receivable)
(/) Current Liabilities
(=) Quick Ratio
Quick Ratio for WEC Energy is calculated as follows:
(Cash & ST Investments [ NA ]
(+) Accounts Receivable [ NA ]
(/) Current Liabilities [ NA ]
(=) Quick Ratio [ 0.3x ]
The tables below summarizes the trend in WEC Energy’s quick ratio over the last five years:
| Fiscal Year |
Cash & ST Investments |
Accounts Receivable |
Current Liabilities |
Quick Ratio |
| 2020-12-31 |
NA |
NA |
NA |
0.3x |
| 2021-12-31 |
NA |
NA |
NA |
0.4x |
| 2022-12-31 |
NA |
NA |
NA |
0.4x |
| 2023-12-31 |
NA |
NA |
NA |
0.3x |
| 2024-12-31 |
NA |
NA |
NA |
0.3x |
The tables below summarizes the trend in WEC Energy’s quick ratio over the last four quarters:
| Fiscal Year |
Cash & ST Investments |
Accounts Receivable |
Current Liabilities |
Quick Ratio |
| 2024-03-31 |
NA |
NA |
NA |
0.3x |
| 2024-06-30 |
NA |
NA |
NA |
0.4x |
| 2024-09-30 |
NA |
NA |
NA |
0.4x |
| 2024-12-31 |
NA |
NA |
NA |
0.3x |
Read more on Wikipedia: Quick Ratio
Click the link below to download a spreadsheet with an example Description calculation for WEC Energy Group Inc below: