GE Aerospace (GE)
Quick 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 | 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 |
| Receivables | US$ in thousands | 15,466,000 | 14,546,000 | 14,767,000 | 14,212,000 | 14,831,000 | 17,197,000 | 16,283,000 | 16,050,000 | 15,620,000 | 15,145,000 | 15,506,000 | 15,687,000 | 16,691,000 | 17,302,000 | 16,041,000 | 27,427,000 | 27,047,000 | 26,726,000 | 30,191,000 | 33,422,000 |
| 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 |
| Quick ratio | 0.73 | 0.71 | 0.78 | 0.80 | 0.75 | 0.65 | 0.66 | 0.73 | 0.83 | 0.79 | 0.78 | 0.83 | 0.97 | 1.59 | 1.48 | 1.52 | 0.92 | 1.29 | 1.14 | 1.31 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($15,736,000K
+ $5,706,000K
+ $15,466,000K)
÷ $50,876,000K
= 0.73
The quick ratio of General Electric Co. over the past eight quarters has shown some variability, ranging from 0.77 to 0.89. The quick ratio measures the company's ability to meet its short-term financial obligations with its most liquid assets.
A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current liquid assets alone. General Electric Co. has maintained a quick ratio consistently below 1, with the highest ratio of 0.89 in Q1 2023.
Although the quick ratio has fluctuated over the quarters, the general trend shows that the company may have some challenges in meeting its short-term obligations with its liquid assets alone. Investors and stakeholders should closely monitor this ratio to assess General Electric Co.'s liquidity position.
Peer comparison
Dec 31, 2023