PNM Resources, Inc.

PNM Resources, Inc.verified

PNM

Price:

$41.77

Market Cap:

$4.40B

PNM Resources, Inc., through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment generates electricity using coal, natural gas and oil, nuclear fuel, solar, wind, and geothermal energy sources. As of December 31, 2021, this segment had owned or leased facilities with a total net generation capacity of 2,168 megawatts; and owned 3,426 miles of electric transmission lines, 5,751 miles of distribution overhead lines, 5,765 miles of underground distrib...[Read more]

Industry

Regulated Electric

IPO Date

1984-08-10

Stock Exchange

NYSE

Ticker

PNM

The Current Ratio as of December 2024 (TTM) for PNM Resources, Inc. (PNM) is 0.36

According to PNM Resources, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.36. This represents a change of -8.89% compared to the average of 0.40 of the last 4 quarters.

PNM Resources, Inc. (PNM) Historical Current Ratio (quarterly & annually)

How has PNM Current Ratio performed in the past?

The mean historical Current Ratio of PNM Resources, Inc. over the last ten years is 0.41. The current 0.36 Current Ratio has changed 8.83% with respect to the historical average. Over the past ten years (40 quarters), PNM's Current Ratio was at its highest in in the June 2024 quarter at 0.47. The Current Ratio was at its lowest in in the March 2023 quarter at 0.29.

Quarterly (TTM)
Annual

Average

0.41

Median

0.39

Minimum

0.30

Maximum

0.49

PNM Resources, Inc. (PNM) Current Ratio by Quarter and Year

Discovering the peaks and valleys of PNM Resources, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 27.05%

Maximum Annual Current Ratio = 0.49

Minimum Annual Increase = -16.29%

Minimum Annual Current Ratio = 0.30

Quarterly (TTM)
Annual
YearCurrent RatioChange
20230.39-16.29%
20220.46-5.55%
20210.4926.57%
20200.3927.05%

PNM Resources, Inc. (PNM) Average Current Ratio

How has PNM Current Ratio performed in the past?

The current Current Ratio of PNM Resources, Inc. (PNM) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

0.45

5-year avg

0.41

10-year avg

0.41

PNM Resources, Inc. (PNM) Current Ratio vs. Peers

How is PNM’s Current Ratio compared to its peers?

PNM Resources, Inc.’s Current Ratio is less than Portland General Electric Company (0.98), less than MGE Energy, Inc. (1.41), less than CMS Energy Corporation (1.23), less than OGE Energy Corp. (0.86), less than Alliant Energy Corporation (0.86), less than Entergy Corporation (0.89), less than Evergy, Inc. (0.55), less than IDACORP, Inc. (1.70), less than Pinnacle West Capital Corporation (0.71), less than DTE Energy Company (0.83), less than Ameren Corporation (0.63), less than CenterPoint Energy, Inc. (1.11), less than Centrais Elétricas Brasileiras S.A. - Eletrobrás (2.06),

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