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Shares of MGE Energy Rank the Highest in Terms of Current Ratio in the Electric Utilities Industry (MGEE, IDA, EXC, CNL, BIP)

By Shiri Gupta

Below are the three companies in the Electric Utilities industry with the highest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.

MGE Energy ranks highest with a a current ratio of 3.3. IDACORP is next with a a current ratio of 2.4. Exelon ranks third highest with a a current ratio of 2.1.

Cleco follows with a a current ratio of 1.8, and Brookfield Infrastructure Partners rounds out the top five with a a current ratio of 1.7.

SmarTrend recommended that subscribers consider buying shares of Cleco on March 28th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $50.23. Since that recommendation, shares of Cleco have risen 10.2%. We continue to monitor Cleco for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: highest current ratio mge energy idacorp exelon cleco brookfield infrastructure partners