General Dynamics Corporation (GD)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,697,000 | 2,101,000 | 1,362,000 | 1,000,000 | 1,913,000 | 1,352,000 | 1,154,000 | 2,038,000 | 1,200,000 | 2,496,000 | 2,223,000 | 2,907,000 | 1,603,000 | 3,139,000 | 3,000,000 | 1,800,000 | 2,824,000 | 1,469,000 | 2,300,000 | 5,330,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 13,000 | — | — | — | 42,000 | — | — | — | 62,000 | — | — | — | 58,000 | 0 | 51,000 | 0 |
| Total current liabilities | US$ in thousands | 17,824,000 | 19,557,000 | 18,257,000 | 16,790,000 | 16,432,000 | 15,962,000 | 15,686,000 | 15,484,000 | 15,341,000 | 15,659,000 | 14,736,000 | 14,036,000 | 13,978,000 | 14,604,000 | 14,981,000 | 15,153,000 | 15,964,000 | 16,120,000 | 16,606,000 | 18,440,000 |
| Cash ratio | 0.10 | 0.11 | 0.07 | 0.06 | 0.12 | 0.08 | 0.07 | 0.13 | 0.08 | 0.16 | 0.15 | 0.21 | 0.12 | 0.21 | 0.20 | 0.12 | 0.18 | 0.09 | 0.14 | 0.29 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,697,000K
+ $—K)
÷ $17,824,000K
= 0.10
General Dynamics Corporation's cash ratio has fluctuated over the periods provided. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position.
From March 31, 2020, to June 30, 2020, the cash ratio decreased significantly from 0.29 to 0.14, indicating a reduction in the company's ability to cover its short-term obligations with cash.
The cash ratio continued to decline until September 30, 2020, reaching 0.09, which may suggest potential liquidity challenges during that period.
However, there was an improvement in the cash ratio by December 31, 2020, when it increased to 0.18, showing a better ability to meet short-term obligations with cash.
The trend continued to fluctuate over the subsequent periods, with some periods showing improvements in the cash ratio, such as March 31, 2021, and September 30, 2021, where the ratio reached 0.12 and 0.21, respectively.
On the other hand, there were periods like June 30, 2023, and March 31, 2024, where the cash ratio decreased to 0.07 and 0.06, indicating potentially lower liquidity levels during those quarters.
Overall, General Dynamics Corporation's cash ratio displays variability in its ability to cover short-term liabilities with cash and cash equivalents, reflecting fluctuations in its liquidity position over the analyzed periods.
Peer comparison
Dec 31, 2024