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Cleco Corporate Holdings Llc  (CNL)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities

Clecoorate Holdings Llc's Working Capital Ratio

CNL's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


In the wake of the increase in Current Liabilities in the second quarter 2023, Working Capital Ratio fell to 0.91 below Cleco Corporate Holdings Llc average.

Within Electric Utilities industry 39 other companies have achieved higher Working Capital Ratio than Clecoorate Holdings Llc in second quarter 2023. While Working Capital Ratio total ranking in the second quarter 2023 has deteriorated compared to the prior quarter from 3103 to 5021.

Explain Working Capital Ratio
How much in Current Assets CNL´s has?
What is the value of CNL´s Current Liabilities?


CNL Working Capital Ratio (Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities Change 17.75 % 46.2 % 70.06 % 36.32 % 16.19 %
Y / Y Current Assets Change -8.32 % -17.11 % 2.07 % -7.82 % 10.73 %
Working Capital Ratio MRQ 0.91 1.07 0.9 1.14 1.17
CNL's Total Ranking # 5021 # 3103 # 2869 # 2777 # 2975
Seq. Current Liabilities Change 33.68 % -21.16 % 5.14 % 6.26 % 65.98 %
Seq. Current Assets Change 13.74 % -5.76 % -16.84 % 2.86 % 2.84 %



Working Capital Ratio second quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 40
Utilities Sector # 80
Overall Market # 5021


Working Capital Ratio Statistics
High Average Low
2.17 1.53 0.9
(Dec 31 2015)   (Dec 31 2022)




Financial Statements
Clecoorate Holdings Llc's Current Liabilities $ 920 Millions Visit CNL's Balance sheet
Clecoorate Holdings Llc's Current Assets $ 840 Millions Visit CNL's Balance sheet
Source of CNL's Sales Visit CNL's Sales by Geography


Cumulative Clecoorate Holdings Llc's Working Capital Ratio

CNL's Working Capital Ratio for the trailling 12 Months

CNL Working Capital Ratio

(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
(Jun 30 2022)
II. Quarter
Y / Y Current Liabilities TTM Growth 17.75 % 46.2 % 70.06 % 36.32 % 16.19 %
Y / Y Current Assets TTM Growth -8.32 % -17.11 % 2.07 % -7.82 % 10.73 %
Working Capital Ratio TTM 1 1.07 1.2 1.36 1.52
Total Ranking TTM # 3025 # 3501 # 2298 # 3300 # 3685
Seq. Current Liabilities TTM Growth 33.68 % -21.16 % 5.14 % 6.26 % 65.98 %
Seq. Current Assets TTM Growth 13.74 % -5.76 % -16.84 % 2.86 % 2.84 %


On the trailing twelve months basis Due to growth in Current Liabilities in the II Quarter 2023 to $919.79 millions, cumulative Working Capital Ratio decreased to 1 below the Cleco Corporate Holdings Llc average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Electric Utilities industry 25 other companies have achieved higher Working Capital Ratio than Clecoorate Holdings Llc. While Working Capital Ratio overall ranking has improved so far to 3025, from total ranking during the twelve months ending first quarter 2023 at 3501.

Explain Working Capital Ratio
How much in Current Assets CNL´s has?
What is the value of CNL´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Electric Utilities Industry # 26
Utilities Sector # 59
Within the Market # 3025


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.97 1.48 0.99
(March 31, 2016)   (Jun 30 2023)




Companies with similar Working Capital Ratio in the quarter ending Jun 30 2023, within Electric Utilities Industry Working Capital RatioJun 30 2023 MRQ Current AssetsJun 30 2023 MRQ Current Liabilities
Via Renewables Inc   2.24 $ 145.319  Millions$ 64.910  Millions
Clearway Energy Inc   2.13 $ 1,289.000  Millions$ 606.000  Millions
Clearway Energy Llc  2.11 $ 1,283.000  Millions$ 609.000  Millions
Ormat Technologies Inc   1.79 $ 685.981  Millions$ 383.209  Millions
Otter Tail Corporation  1.74 $ 524.112  Millions$ 300.562  Millions
Idacorp Inc   1.57 $ 733.634  Millions$ 468.338  Millions
Mge Energy Inc   1.48 $ 222.531  Millions$ 150.649  Millions
Ipalco Enterprises Inc   1.47 $ 553.189  Millions$ 376.939  Millions
Constellation Energy Corporation  1.45 $ 7,575.000  Millions$ 5,225.000  Millions
Puget Energy Inc  1.44 $ 1,274.133  Millions$ 887.511  Millions
Wisconsin Electric Power Company  1.41 $ 1,126.100  Millions$ 799.000  Millions
Sunnova Energy International Inc   1.29 $ 746.766  Millions$ 580.470  Millions
Nextera Energy Partners Lp  1.22 $ 1,447.000  Millions$ 1,184.000  Millions
Allete Inc   1.17 $ 446.200  Millions$ 380.300  Millions
Vistra Corp   1.17 $ 8,911.000  Millions$ 7,626.000  Millions
Altus Power Inc   1.09 $ 106.306  Millions$ 97.430  Millions
Ppl Corporation  1.09 $ 2,725.000  Millions$ 2,505.000  Millions
Wisconsin Public Service Corporation  1.08 $ 483.800  Millions$ 448.800  Millions
Berkshire Hathaway Energy Company  1.06 $ 12,626.000  Millions$ 11,860.000  Millions
Nrg Energy inc  1.02 $ 10,121.000  Millions$ 9,876.000  Millions
Consolidated Edison Inc   1.02 $ 6,203.000  Millions$ 6,072.000  Millions
Avista Corporation  0.97 $ 526.939  Millions$ 541.163  Millions
Pg and e Corp  0.96 $ 12,681.000  Millions$ 13,202.000  Millions
Pinnacle West Capital Corporation  0.96 $ 1,851.737  Millions$ 1,932.581  Millions
Exelon Corporation  0.95 $ 7,542.000  Millions$ 7,936.000  Millions
Tennessee Valley Authority  0.93 $ 3,685.000  Millions$ 3,948.000  Millions
Cleco Corporate Holdings Llc  0.91 $ 840.227  Millions$ 919.787  Millions
Dte Energy Co  0.89 $ 3,203.000  Millions$ 3,596.000  Millions
Portland General Electric Company  0.89 $ 676.000  Millions$ 761.000  Millions
Centerpoint Energy Inc   0.88 $ 2,802.000  Millions$ 3,184.000  Millions

Date modified: 2023-08-20T17:47:14+00:00



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