GE Vernova LLC (GEV)
Cash ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,395,000 | 5,779,000 | 3,255,000 | 3,597,000 |
| Short-term investments | US$ in thousands | 1,001,000 | — | — | — |
| Total current liabilities | US$ in thousands | 31,233,000 | 29,065,000 | 29,516,000 | 29,430,000 |
| Cash ratio | 0.27 | 0.20 | 0.11 | 0.12 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($7,395,000K
+ $1,001,000K)
÷ $31,233,000K
= 0.27
The cash ratio of GE Vernova LLC has shown an improvement over the analyzed period. As of December 31, 2023, the cash ratio was at 0.12, indicating that the company had $0.12 in cash and cash equivalents for every $1 of current liabilities. This ratio decreased slightly to 0.11 by March 31, 2024, suggesting a decrease in the company's ability to cover its short-term liabilities with its available cash.
However, there was a significant improvement in the cash ratio by June 30, 2024, reaching 0.20, signaling that the company had enhanced its ability to meet its short-term obligations using its cash reserves. The positive trend continued, with the cash ratio further increasing to 0.27 by September 30, 2024, indicating that GE Vernova LLC had strengthened its liquidity position significantly.
Overall, the increasing trend in the cash ratio reflects an improvement in the company's short-term financial health and ability to meet its immediate financial obligations with its available cash resources.
Peer comparison
Sep 30, 2024