GE Vernova LLC (GEV)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 26,374,000 | 24,754,000 | — |
| Total current liabilities | US$ in thousands | 29,306,000 | 26,042,000 | — |
| Current ratio | 0.90 | 0.95 | — |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $26,374,000K ÷ $29,306,000K
= 0.90
The current ratio of GE Vernova LLC has been gradually decreasing over the past two years. As of December 31, 2023, the current ratio stands at 0.90, down from 0.95 in 2022. The decreasing trend may indicate a potential liquidity issue for the company, as it suggests a smaller ability to cover its short-term obligations with its current assets. It is important for the company to closely monitor this ratio and take steps to improve it, such as increasing current assets or reducing current liabilities, to ensure sufficient liquidity for its operations and financial stability.
Peer comparison
Dec 31, 2023