Greenbrier Companies Inc (GBX)
Quick ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 351,800 | 281,700 | 543,000 | 646,800 | 833,800 |
| Short-term investments | US$ in thousands | -54,500 | 34,900 | 93 | — | — |
| Receivables | US$ in thousands | 45,100 | 42,200 | 39,800 | 112,135 | 9,109 |
| Total current liabilities | US$ in thousands | 1,017,000 | 789,700 | 1,021,700 | 941,981 | 815,406 |
| Quick ratio | 0.34 | 0.45 | 0.57 | 0.81 | 1.03 |
August 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($351,800K
+ $-54,500K
+ $45,100K)
÷ $1,017,000K
= 0.34
The quick ratio of Greenbrier Companies Inc has shown a declining trend over the past five years, decreasing from 1.03 in August 2020 to 0.34 in August 2024. This indicates that the company's ability to meet its short-term obligations with its most liquid assets has weakened over time. A quick ratio below 1 suggests that the company may have difficulty meeting its current liabilities with its quick assets alone. It is essential for stakeholders to monitor this trend closely, as a low quick ratio may indicate liquidity challenges for the company. Further analysis of the company's liquidity position and operating cash flows may be warranted to better understand the factors contributing to this decline in the quick ratio.
Peer comparison
Aug 31, 2024