GE Vernova LLC (GEV)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,767,000 | 1,551,000 | 2,067,000 | — |
| Short-term investments | US$ in thousands | — | 2,033,000 | — | — |
| Total current liabilities | US$ in thousands | 31,685,000 | 29,306,000 | 26,042,000 | — |
| Cash ratio | 0.25 | 0.12 | 0.08 | — |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,767,000K
+ $—K)
÷ $31,685,000K
= 0.25
The cash ratio of GE Vernova LLC has shown a positive trend over the years, increasing from 0.08 in December 31, 2022 to 0.25 in December 31, 2024. This indicates that the company has been able to strengthen its liquidity position by holding a higher proportion of cash and cash equivalents relative to its current liabilities. A cash ratio of 0.25 suggests that the company has sufficient liquid assets to cover 25% of its current liabilities, highlighting a favorable financial position in terms of short-term solvency. It's worth noting that the company did not report a specific cash ratio for December 31, 2021, which could be due to various factors such as changes in accounting practices or significant events impacting the financial position. Overall, the consistent improvement in the cash ratio reflects prudent cash management and a reduced risk of liquidity constraints for GE Vernova LLC.
Peer comparison
Dec 31, 2024