GE Vernova LLC (GEV)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cash | US$ in thousands | 7,767,000 | 1,551,000 | 2,067,000 | — |
| Short-term investments | US$ in thousands | — | 2,033,000 | — | — |
| Receivables | US$ in thousands | -464,000 | — | — | — |
| Total current liabilities | US$ in thousands | 31,685,000 | 29,306,000 | 26,042,000 | — |
| Quick ratio | 0.23 | 0.12 | 0.08 | — |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($7,767,000K
+ $—K
+ $-464,000K)
÷ $31,685,000K
= 0.23
The quick ratio of GE Vernova LLC has shown an increasing trend over the years, improving from 0.08 in December 31, 2022, to 0.12 in December 31, 2023, and further to 0.23 in December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. An increasing quick ratio indicates that the company has an improved ability to cover its current liabilities with its quick assets, such as cash and accounts receivable. This trend suggests that GE Vernova LLC has become more financially stable and better positioned to meet its short-term financial obligations over the years.
Peer comparison
Dec 31, 2024