Greenbrier Companies Inc (GBX)
Cash ratio
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 351,800 | 271,600 | 252,000 | 307,300 | 281,700 | 321,400 | 379,900 | 263,300 | 543,000 | 449,700 | 586,800 | 410,800 | 646,800 | 628,200 | 593,500 | 724,600 | 833,800 | 735,258 | 169,899 | 253,602 |
| Short-term investments | US$ in thousands | -54,500 | 34,800 | 32,100 | 33,400 | 34,900 | 25,900 | 83 | 94 | 93 | 96,200 | 46,900 | 83,100 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,017,000 | 587,800 | 585,100 | 962,500 | 789,700 | 1,021,600 | 1,032,900 | 967,000 | 1,021,700 | 900,600 | 873,400 | 1,056,700 | 899,413 | 761,206 | 724,410 | 710,386 | 463,880 | 905,504 | 537,094 | 518,894 |
| Cash ratio | 0.29 | 0.52 | 0.49 | 0.35 | 0.40 | 0.34 | 0.37 | 0.27 | 0.53 | 0.61 | 0.73 | 0.47 | 0.72 | 0.83 | 0.82 | 1.02 | 1.80 | 0.81 | 0.32 | 0.49 |
August 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($351,800K
+ $-54,500K)
÷ $1,017,000K
= 0.29
The cash ratio of Greenbrier Companies Inc has exhibited fluctuations over the past several periods. The ratio provides insight into the company's ability to cover its short-term liabilities solely with its cash and cash equivalents.
The trend in the cash ratio shows some variability, indicating changes in the company's liquidity position. It ranged from a low of 0.27 in Nov 30, 2022, to a high of 1.80 in Nov 30, 2020. The ratio was relatively stable around the range of 0.40 to 0.53 from May 31, 2022, to May 31, 2024.
A cash ratio below 1.0 suggests that the company's cash and cash equivalents are insufficient to cover its current liabilities, which could potentially indicate liquidity challenges. However, a higher cash ratio, such as 1.80 in Nov 30, 2020, indicates a stronger liquidity position with more than enough cash to cover short-term obligations.
Overall, the analysis of Greenbrier Companies Inc's cash ratio suggests that the company has experienced fluctuations in its liquidity position over the periods analyzed, highlighting the importance of monitoring cash levels to ensure adequate liquidity to meet short-term obligations.
Peer comparison
Aug 31, 2024