GE Vernova LLC (GEV)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 7,767,000 | 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 | 31,685,000 | 31,233,000 | 29,065,000 | 29,516,000 | 29,430,000 |
| Cash ratio | 0.25 | 0.27 | 0.20 | 0.11 | 0.12 |
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 fluctuation over the observation period from December 31, 2023, to December 31, 2024. The ratio, which represents the company's ability to cover its short-term liabilities with its cash and cash equivalents, started at 0.12 on December 31, 2023, decreased slightly to 0.11 on March 31, 2024, and then saw a significant increase to 0.20 on June 30, 2024.
Subsequently, on September 30, 2024, there was a further improvement in the cash ratio, reaching 0.27, indicating the company had higher levels of cash and cash equivalents in comparison to its short-term liabilities. By the end of the observation period on December 31, 2024, the cash ratio slightly decreased to 0.25.
Overall, the trend suggests that GE Vernova LLC improved its liquidity position during this period, especially from March to September 2024, which could indicate better short-term financial stability and ability to meet its immediate obligations using its cash reserves.
Peer comparison
Dec 31, 2024