Greenbrier Companies Inc (GBX)
Cash ratio
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 329,684 | 359,625 |
| Short-term investments | US$ in thousands | — | — | 34,900 | 25,900 | 83 | 94 | 93 | 96,200 | 46,900 | 83,100 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 595,475 | 499,058 |
| Cash ratio | 0.43 | 0.32 | 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 | 0.55 | 0.72 |
February 29, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($252,000K
+ $—K)
÷ $585,100K
= 0.43
The cash ratio of Greenbrier Companies Inc has demonstrated variability over the past 20 periods, ranging from 0.27 to 1.80. The cash ratio measures the company's ability to cover its short-term liabilities with cash and cash equivalents. A higher cash ratio typically indicates a stronger ability to meet short-term obligations without relying on external sources.
The trend in the cash ratio of Greenbrier Companies Inc shows fluctuations, with some periods showing higher ratios indicating a strong ability to cover short-term obligations with cash on hand, while other periods exhibit lower ratios suggesting a lower liquidity position.
It is important for investors and analysts to closely monitor the cash ratio over time to assess the company's liquidity position and its ability to weather challenging economic environments or sudden shifts in cash flows. Variations in the cash ratio may indicate changes in the company's cash management practices, working capital efficiency, or overall financial health.
Peer comparison
Feb 29, 2024