GE HealthCare Technologies Inc. (GEHC)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 2,874,000 | 3,550,000 | 1,997,000 | 2,551,000 | 2,494,000 | 2,408,000 |
| Short-term investments | US$ in thousands | 15,000 | 442,000 | — | — | — | — |
| Receivables | US$ in thousands | 102,000 | -10,000 | -10,000 | -6,000 | -1,000 | 6,000 |
| Total current liabilities | US$ in thousands | 9,553,000 | 8,670,000 | 8,318,000 | 8,859,000 | 8,981,000 | 7,565,000 |
| Quick ratio | 0.31 | 0.46 | 0.24 | 0.29 | 0.28 | 0.32 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,874,000K
+ $15,000K
+ $102,000K)
÷ $9,553,000K
= 0.31
The quick ratio of GE HealthCare Technologies Inc. has shown fluctuations over the past year, ranging from a low of 0.24 to a high of 0.46. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets.
In September 30, 2023, the quick ratio was 0.32, suggesting the company had $0.32 in liquid assets available to cover each dollar of current liabilities. However, the ratio decreased to 0.28 by the end of December 31, 2023, indicating a decline in the company's ability to meet short-term obligations.
The trend continued into March 31, 2024, with a quick ratio of 0.29, showing a slight improvement but still below the ideal level of 1. Interestingly, the ratio spiked in the next quarter, reaching 0.46 by September 30, 2024, indicating a significant increase in liquidity and the company's ability to cover short-term liabilities.
However, the quick ratio dropped back to 0.31 by December 31, 2024, suggesting a potential challenge in liquidity management. Overall, the fluctuating quick ratio of GE HealthCare Technologies Inc. indicates varying levels of financial stability and liquidity management throughout the year.
Peer comparison
Dec 31, 2024