Gen Digital Inc. (GEN)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jul 5, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 846,000 | 490,000 | 629,000 | 623,000 | 750,000 | 812,000 | 1,095,000 | 1,291,000 | 1,887,000 | 1,771,000 | 1,526,000 | 1,230,000 | 933,000 | 1,046,000 | 1,009,000 | 1,073,000 | 2,177,000 | 12,649,000 | 1,697,000 | 1,532,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 0 | 0 | 0 | 0 | 4,000 | 10,000 | 15,000 | 15,000 | 18,000 | 27,000 | 40,000 | 58,000 | 86,000 | 119,000 | 134,000 | 162,000 |
| Total current liabilities | US$ in thousands | 2,648,000 | 2,563,000 | 2,460,000 | 2,748,000 | 2,849,000 | 2,878,000 | 2,825,000 | 2,624,000 | 3,065,000 | 2,883,000 | 2,814,000 | 2,221,000 | 2,136,000 | 1,821,000 | 1,748,000 | 2,548,000 | 2,622,000 | 4,713,000 | 5,056,000 | 3,608,000 |
| Cash ratio | 0.32 | 0.19 | 0.26 | 0.23 | 0.26 | 0.28 | 0.39 | 0.49 | 0.62 | 0.62 | 0.55 | 0.56 | 0.45 | 0.59 | 0.60 | 0.44 | 0.86 | 2.71 | 0.36 | 0.47 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($846,000K
+ $—K)
÷ $2,648,000K
= 0.32
The cash ratio of Gen Digital Inc. has fluctuated over the past few quarters, ranging from a low of 0.19 to a high of 2.71. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
A cash ratio of 0.32 indicates that for every dollar of current liabilities, Gen Digital Inc. has $0.32 in cash and cash equivalents available. This suggests a moderate liquidity position. The cash ratio improved in the most recent quarter, reaching 0.32 compared to the previous quarter's 0.19, showing an increase in the company's ability to meet its short-term obligations with cash on hand.
It is worth noting that the cash ratio was exceptionally high at 2.71 in the fourth quarter of 2019, indicating a significant amount of cash relative to current liabilities at that time. However, the ratio has normalized since then.
Overall, while Gen Digital Inc. has shown variation in its cash ratio over the periods analyzed, the recent improvement from 0.19 to 0.32 suggests that the company may be managing its liquidity more effectively.
Peer comparison
Mar 31, 2024