GE Aerospace (GE)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 15,736,000 | 12,410,000 | 12,025,000 | 11,314,000 | 14,446,000 | 12,120,000 | 12,587,000 | 12,047,000 | 15,100,000 | 24,955,000 | 22,460,000 | 31,783,000 | 36,119,000 | 39,162,000 | 41,431,000 | 47,286,000 | 35,222,000 | 27,177,000 | 28,114,000 | 34,398,000 |
| Short-term investments | US$ in thousands | 5,706,000 | 7,054,000 | 10,885,000 | 12,814,000 | 7,609,000 | 6,297,000 | 6,745,000 | 10,779,000 | 12,297,000 | 5,300,000 | 6,134,000 | 239,000 | 218,000 | 5,318,000 | 6,465,000 | 5,245,000 | 10,025,000 | 9,476,000 | 1,761,000 | 3,639,000 |
| Total current liabilities | US$ in thousands | 50,876,000 | 48,164,000 | 48,108,000 | 48,177,000 | 49,428,000 | 54,657,000 | 53,883,000 | 53,344,000 | 51,953,000 | 57,676,000 | 56,639,000 | 57,681,000 | 54,613,000 | 38,817,000 | 43,258,000 | 52,742,000 | 78,865,000 | 49,056,000 | 52,752,000 | 54,419,000 |
| Cash ratio | 0.42 | 0.40 | 0.48 | 0.50 | 0.45 | 0.34 | 0.36 | 0.43 | 0.53 | 0.52 | 0.50 | 0.56 | 0.67 | 1.15 | 1.11 | 1.00 | 0.57 | 0.75 | 0.57 | 0.70 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($15,736,000K
+ $5,706,000K)
÷ $50,876,000K
= 0.42
The cash ratio of General Electric Co., which measures the company's ability to cover its short-term obligations with cash and cash equivalents, fluctuated over the past eight quarters. The ratio ranged from 0.45 to 0.59 during this period.
In Q4 2023, the cash ratio was 0.51, indicating that the company had $0.51 in cash and cash equivalents for every $1 of current liabilities. This suggests that General Electric had a moderate level of liquidity to meet its short-term obligations.
The highest cash ratio was observed in Q1 2023 at 0.59, indicating a peak level of liquidity during that quarter. Conversely, the lowest cash ratio of 0.45 was recorded in Q3 2022, signaling relatively lower liquidity levels at that time.
Overall, General Electric Co. has maintained a reasonable level of liquidity over the past two years, with the cash ratio fluctuating within a certain range. Further analysis and comparison with industry benchmarks may provide additional insights into the company's cash management and financial health.
Peer comparison
Dec 31, 2023