Greenbrier Companies Inc (GBX)
Quick 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 | 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 | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 45,100 | 20,000 | 20,900 | 10,500 | 42,200 | 29,800 | 22,400 | 28,900 | 39,800 | 129,400 | 106,000 | 106,200 | 112,135 | 75,135 | 62,103 | — | 9,109 | — | — | — |
| 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 |
| Quick ratio | 0.34 | 0.56 | 0.52 | 0.36 | 0.45 | 0.37 | 0.39 | 0.30 | 0.57 | 0.75 | 0.85 | 0.57 | 0.84 | 0.92 | 0.91 | 1.02 | 1.82 | 0.81 | 0.32 | 0.49 |
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 fluctuated over the past few quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
The quick ratio has been relatively low, ranging from 0.30 to 0.57 in recent quarters, indicating that Greenbrier may have had challenges in meeting its short-term obligations with its current liquid assets. Notably, the quick ratio was below 0.5 in several quarters, raising concerns about the company's liquidity position.
However, there were improvements in the quick ratio in some periods, such as in May 2022 and Nov 2021, where the ratio exceeded 0.8, suggesting a better ability to cover short-term obligations with liquid assets. The quick ratio above 1.0 in Nov 2020 and Aug 2020 indicates a stronger liquidity position, with more liquid assets available to meet short-term obligations.
Overall, Greenbrier Companies Inc should continue to monitor its quick ratio closely to ensure it maintains sufficient liquidity to meet its short-term financial commitments.
Peer comparison
Aug 31, 2024