Quick Ratio

The quick ratio measures a company’s ability to pay short-term debts using its most liquid assets (cash, marketable securities, receivables), excluding inventory.

At 0.54x, Public Service Enterprise Group has $0.54 in liquid assets for every $1 of current liabilities, indicating it cannot fully cover near-term obligations from liquid assets alone. This is above the sector median of 0.36x, placing PEG in the 73rd percentile among utility peers. The year-over-year change is not available, but the quarter-over-quarter change is a decline of 28.9%, showing a clear drop from the prior quarter’s 0.76x. The combination of an above-median level with a sharp quarterly decline suggests that while liquidity is still stronger than most peers, the trend is deteriorating, raising near-term risk if the decline continues. This metric supports the overall NEUTRAL verdict: the above-peer quick ratio is a positive offset, but the steep QoQ drop introduces enough uncertainty to maintain a balanced view.

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