GE Vernova LLC (GEV)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 7,767,000 | 7,395,000 | 5,779,000 | 3,255,000 | 3,597,000 |
| Short-term investments | US$ in thousands | — | 1,001,000 | — | — | — |
| Receivables | US$ in thousands | -464,000 | -501,000 | -525,000 | -516,000 | — |
| Total current liabilities | US$ in thousands | 31,685,000 | 31,233,000 | 29,065,000 | 29,516,000 | 29,430,000 |
| Quick ratio | 0.23 | 0.25 | 0.18 | 0.09 | 0.12 |
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 fluctuations over the period analyzed. As of December 31, 2023, the quick ratio was 0.12, indicating a relatively low level of liquidity. The ratio decreased to 0.09 by March 31, 2024, suggesting a potential strain on the company's ability to meet its short-term obligations with its most liquid assets.
However, there was an improvement in liquidity by June 30, 2024, with the quick ratio increasing to 0.18. This could indicate better short-term financial health and the ability to cover immediate liabilities more comfortably. The trend continued in the following quarter, as of September 30, 2024, when the quick ratio further improved to 0.25, reflecting a strengthened liquidity position.
By December 31, 2024, the quick ratio slightly decreased to 0.23 but remained at a healthier level compared to the beginning of the period under review. Overall, despite the fluctuations, the upward trend in the quick ratio from mid-2024 suggests an enhanced ability of GE Vernova LLC to meet its short-term obligations using its quick assets.
Peer comparison
Dec 31, 2024