Gen Digital Inc. (GEN)
Quick 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 | 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 |
| Receivables | US$ in thousands | 337,000 | 1,017,000 | 243,000 | 231,000 | 291,000 | 374,000 | 318,000 | — | 155,000 | 187,000 | — | — | 213,000 | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.45 | 0.59 | 0.35 | 0.31 | 0.37 | 0.41 | 0.50 | 0.49 | 0.67 | 0.68 | 0.55 | 0.56 | 0.54 | 0.59 | 0.60 | 0.44 | 0.86 | 2.71 | 0.36 | 0.47 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($846,000K
+ $—K
+ $337,000K)
÷ $2,648,000K
= 0.45
The quick ratio of Gen Digital Inc. has fluctuated over the various periods, ranging from a low of 0.31 to a high of 2.71. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
From the data provided, we observe that the quick ratio has been below 1 for most periods, suggesting that Gen Digital Inc. may have faced challenges in meeting its short-term obligations with its liquid assets alone. However, it is important to note that the quick ratio improved significantly in some periods, such as in March 2020 and December 2019, where it reached 2.71 and 0.86, respectively, indicating a stronger liquidity position during these periods.
Overall, the trend in Gen Digital Inc.'s quick ratio indicates some variability in the company's ability to cover its short-term liabilities with its liquid assets, and it would be advisable for the company to continue monitoring its liquidity position to ensure it remains stable and adequate.
Peer comparison
Mar 31, 2024