GE Vernova LLC (GEV)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 34,153,000 | 27,428,000 | 24,754,000 | — |
| Total current liabilities | US$ in thousands | 31,685,000 | 29,306,000 | 26,042,000 | — |
| Current ratio | 1.08 | 0.94 | 0.95 | — |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $34,153,000K ÷ $31,685,000K
= 1.08
The current ratio of GE Vernova LLC has shown a fluctuating trend over the past four years. As of December 31, 2022, the ratio was 0.95, indicating that the company's current assets were slightly lower than its current liabilities. This suggests potential liquidity concerns as the company may face challenges meeting its short-term obligations.
Moreover, the current ratio decreased further to 0.94 as of December 31, 2023, reflecting a continued strain on the company's liquidity position. However, there was a positive shift in the ratio as of December 31, 2024, where it improved to 1.08. This increase indicates a more favorable position with current assets now exceeding current liabilities.
Overall, while the current ratio has shown some improvement in the most recent period, GE Vernova LLC should continue monitoring and managing its liquidity effectively to ensure it can meet its short-term financial obligations.
Peer comparison
Dec 31, 2024