Current Ratio

Public Service Enterprise Group's current ratio of 0.97x means the company has $0.97 of current assets (cash, receivables, inventory) for every $1.00 of current liabilities due within a year—a level just below the 1.0x benchmark, indicating that short-term debts are slightly under-covered by liquid assets.

This beats the sector median of 0.85x, placing PEG in the 55th percentile among utility peers, meaning it has a higher liquidity buffer than 55% of comparable firms. Year-over-year data is not available, but the quarter-over-quarter change shows a decline of -17.8%, narrowing the cushion from 1.18x three months ago. While the ratio still sits above the sector median, the rapid downward trend signals a recent tightening of liquidity that could increase short-term risk if the pattern continues. This combination—above-average level paired with a sharp quarterly drop—does not clearly signal an extreme risk or opportunity, as the current level remains manageable within the utility sector's typically low-liquidity profile. The metric neither strongly supports nor contradicts the overall NEUTRAL verdict, as the current ratio's moderate position and recent decline balance each other out.

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