GE HealthCare Technologies Inc. (GEHC)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 2,494,000 | 2,408,000 | 1,936,000 | 2,324,000 | 1,440,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 8,981,000 | 7,565,000 | 7,581,000 | 8,236,000 | 7,191,000 |
| Cash ratio | 0.28 | 0.32 | 0.26 | 0.28 | 0.20 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,494,000K
+ $—K)
÷ $8,981,000K
= 0.28
The cash ratio of GE HealthCare Technologies Inc. has shown some fluctuation over the past five quarters. The ratio was highest in September 2023 at 0.32 and lowest in June 2023 at 0.26. The ratio indicates that the company had $0.28 in cash and cash equivalents for every $1 of current liabilities as of December 31, 2023. This suggests that the company may have a moderate ability to cover its short-term obligations using its cash resources. Overall, the trend in the cash ratio for GE HealthCare Technologies Inc. has been relatively stable, with some minor fluctuations observed.
Peer comparison
Dec 31, 2023