Genpact Limited (G)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 583,670 | 541,004 | 491,308 | 552,281 | 646,765 | 518,680 | 460,376 | 861,760 | 899,458 | 922,475 | 752,580 | 644,002 | 680,440 | 803,399 | 867,363 | 401,624 | 467,096 | 456,872 | 378,030 | 325,377 |
| Short-term investments | US$ in thousands | — | 3,270 | 4,024 | 3,330 | 5,372 | 4,970 | 4,418 | 4,910 | 5,839 | 5,169 | 3,915 | 7,404 | 8,774 | — | — | — | 1,784 | 1,555 | 1,774 | 3,275 |
| Total current liabilities | US$ in thousands | 1,317,930 | 978,958 | 931,443 | 944,524 | 1,103,320 | 1,633,110 | 1,091,290 | 1,383,290 | 1,308,800 | 1,312,350 | 1,240,710 | 843,738 | 1,202,640 | 1,146,650 | 1,283,320 | 944,057 | 910,211 | 1,064,190 | 1,003,150 | 1,011,780 |
| Cash ratio | 0.44 | 0.56 | 0.53 | 0.59 | 0.59 | 0.32 | 0.43 | 0.63 | 0.69 | 0.71 | 0.61 | 0.77 | 0.57 | 0.70 | 0.68 | 0.43 | 0.52 | 0.43 | 0.38 | 0.32 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($583,670K
+ $—K)
÷ $1,317,930K
= 0.44
The cash ratio of Genpact Ltd has shown some fluctuations over the past eight quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a greater ability to cover short-term obligations.
In Q4 2023, the cash ratio was 0.59, indicating that Genpact had $0.59 in cash and cash equivalents for every $1 of short-term liabilities. This was a decrease from the previous quarter (Q3 2023) when the cash ratio was 0.83, suggesting a decline in the company's ability to cover short-term obligations.
Looking further back, the cash ratio has generally been fluctuating within a range. The highest cash ratio was seen in Q3 2022 at 0.73, while the lowest was in Q2 2022 at 0.46. This demonstrates some variability in Genpact's liquidity position over the analyzed periods.
Overall, the trend suggests that there have been fluctuations in Genpact's cash ratio over the past eight quarters, indicating varying levels of liquidity and ability to cover short-term obligations with cash and cash equivalents. Further analysis and comparison with industry benchmarks may provide additional insights into the company's liquidity position.
Peer comparison
Dec 31, 2023