GE Vernova LLC (GEV)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 32,030,000 | 29,485,000 | 29,243,000 | 3,597,000 |
| Total current liabilities | US$ in thousands | 31,233,000 | 29,065,000 | 29,516,000 | 29,430,000 |
| Current ratio | 1.03 | 1.01 | 0.99 | 0.12 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $32,030,000K ÷ $31,233,000K
= 1.03
The current ratio of GE Vernova LLC has shown a significant improvement from 0.12 on December 31, 2023, to 1.03 on September 30, 2024. This indicates that the company's ability to meet its short-term obligations has strengthened over this period. The current ratio exceeding 1 implies that the company has more current assets than current liabilities, which is considered a positive sign of liquidity and financial stability. GE Vernova LLC's current ratio has been steadily increasing, suggesting efficient management of working capital and a healthier financial position. Overall, the trend in the current ratio reflects a positive trajectory for the company's short-term financial health.
Peer comparison
Sep 30, 2024