Current Ratio

PCG’s current ratio of 1.20x means the company has $1.20 in current assets—like cash and receivables—for every $1.00 of short-term liabilities due within a year, indicating it can comfortably meet near-term obligations.

This ratio sits above the utilities sector median of 0.85x, placing PCG in the 82nd percentile among its peers, suggesting its liquidity is stronger than most comparable companies. The year-over-year and quarter-over-quarter changes are both N/A, and no trend data is available for the last eight quarters, so there is no basis to assess whether liquidity is improving or worsening. Without a trend, the focus falls on the high level relative to the sector, which reduces short-term default risk but may also imply idle cash or inefficient use of assets—a neutral signal for a utility where low cash is typical. This metric supports the overall NEUTRAL verdict because the strong liquidity position is a defensive positive, yet the lack of trend context and the sector’s normal operating leverage prevent a bullish or bearish tilt.

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