GE Vernova LLC (GEV)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 34,153,000 | 33,141,000 | 30,722,000 | 29,243,000 | 3,597,000 |
| Total current liabilities | US$ in thousands | 31,685,000 | 31,233,000 | 29,065,000 | 29,516,000 | 29,430,000 |
| Current ratio | 1.08 | 1.06 | 1.06 | 0.99 | 0.12 |
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 significant improvement over the periods analyzed. Starting at a very low level of 0.12 as of December 31, 2023, the company's liquidity position has strengthened considerably. As of December 31, 2024, the current ratio has increased to a healthier level of 1.08. This indicates that GE Vernova LLC's current assets are now more than sufficient to cover its current liabilities, suggesting improved short-term solvency and financial stability. A current ratio above 1.0 is generally considered favorable as it indicates that the company has enough short-term assets to cover its short-term obligations. The upward trend in the current ratio reflects positively on the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024