What is MGE Energy's cash ratio?

MGE Energy (MGEE) reported cash ratio of 0.1× in Q1 2026.

How has MGE Energy's cash ratio changed year-over-year?

MGE Energy's cash ratio decreased by 84.3% year-over-year, from 0.3× to 0.1×.

What is the long-term trend for MGE Energy's cash ratio?

Over 5 years (2020 to 2025), MGE Energy's cash ratio has grown at a -39.4% compound annual growth rate (CAGR), from 0.2× to 0×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

MGE Energy MGEE Cash ratio

Cash ratio at other companies

Xcel EnergyXEL

0.2×+0.1×

WEC Energy GroupWEC

0×0.0×

Chesapeake Utilities CorporationCPK

0×0.0×

NorthWestern Energy Group, Inc.NWE

0×-0.2×

CMS

CMS EnergyCMS

0.1×-0.1×

Essential UtilitiesWTRG

0.1×+0.1×

Other financials

Income statement

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Revenue$242.7M+10.8%

Operating income$53.2M+0.5%

Net income$48.5M+16.6%

EPS (diluted)$1.32+15.8%

Balance sheet

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Cash & equivalents$9.5M-73.2%

Total debt$920.6M+19.9%

Total equity$1.3B+7.2%

Total assets$3.2B+12.1%

Cash flow

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Operating cash flow$80.7M+3.6%

CapEx$101.1M+112%

Free cash flow-$20.4M-168%

Valuation

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Market cap$2.92B-16.7%

Enterprise value$3.83B-9.4%

P/E20.4×-6.9×

P/S3.8×-1.2×

Profitability

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Operating margin22.3%-0.2pp

Net margin18.6%+0.4pp

FCF margin-17%—

Returns & leverage

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Return on equity10.9%+0.3pp

Debt / equity0.7×+0.1×

Current ratio1.2×-0.9×

Where this comes from

Calculated from MGE Energy’s reported figures.

cash and equivalents/total current liabilities=0.1×

Based on the most recent quarter.

The official record: MGE Energy’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is MGE Energy's cash ratio?: MGE Energy (MGEE) reported cash ratio of 0.1× in Q1 2026.
How has MGE Energy's cash ratio changed year-over-year?: MGE Energy's cash ratio decreased by 84.3% year-over-year, from 0.3× to 0.1×.
What is the long-term trend for MGE Energy's cash ratio?: Over 5 years (2020 to 2025), MGE Energy's cash ratio has grown at a -39.4% compound annual growth rate (CAGR), from 0.2× to 0×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.