General Motors Company (GM)
Quick ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 18,853,000 | 25,224,000 | 23,074,000 | 18,227,000 | 19,153,000 | 20,745,000 | 16,710,000 | 16,349,000 | 20,067,000 | 17,365,000 | 22,920,000 | 21,609,000 | 19,992,000 | 26,939,000 | 28,228,000 | 38,506,000 | 19,069,000 | 20,051,000 | 17,072,000 | 17,176,000 |
| Short-term investments | US$ in thousands | 7,613,000 | 9,651,000 | 9,556,000 | 9,981,000 | 12,150,000 | 9,566,000 | 10,124,000 | 9,907,000 | 8,609,000 | 6,575,000 | 6,211,000 | 7,771,000 | 9,046,000 | 9,962,000 | 9,254,000 | 7,620,000 | 4,174,000 | 6,725,000 | 7,049,000 | 6,021,000 |
| Receivables | US$ in thousands | 12,378,000 | 13,923,000 | 14,068,000 | 13,702,000 | 13,333,000 | 14,021,000 | 12,417,000 | 11,946,000 | 7,394,000 | 8,091,000 | 8,167,000 | 9,126,000 | 8,035,000 | 9,939,000 | 7,946,000 | 7,536,000 | 6,797,000 | 6,924,000 | 10,362,000 | 12,116,000 |
| Total current liabilities | US$ in thousands | 94,445,000 | 96,820,000 | 92,718,000 | 90,185,000 | 91,173,000 | 86,003,000 | 79,398,000 | 79,555,000 | 74,408,000 | 71,951,000 | 74,811,000 | 76,323,000 | 79,910,000 | 80,603,000 | 77,904,000 | 91,292,000 | 84,905,000 | 84,252,000 | 84,294,000 | 85,303,000 |
| Quick ratio | 0.41 | 0.50 | 0.50 | 0.46 | 0.49 | 0.52 | 0.49 | 0.48 | 0.48 | 0.45 | 0.50 | 0.50 | 0.46 | 0.58 | 0.58 | 0.59 | 0.35 | 0.40 | 0.41 | 0.41 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($18,853,000K
+ $7,613,000K
+ $12,378,000K)
÷ $94,445,000K
= 0.41
The quick ratio, also known as the acid-test ratio, measures the ability of a company to meet its short-term obligations with its most liquid assets. General Motors Company's quick ratio over the past eight quarters has varied significantly, ranging from 0.31 to 0.62.
In the most recent period, as of December 31, 2023, the company's quick ratio stood at 0.48. This indicates that General Motors may face some challenges in meeting its short-term obligations with its readily available liquid assets. However, it's important to note that the quick ratio should be viewed in conjunction with other liquidity and efficiency metrics to obtain a comprehensive understanding of the company's financial health.
The quick ratio of 0.48 suggests that General Motors may need to assess and potentially improve the management of its short-term liquidity in order to meet its near-term financial commitments. It would be beneficial for stakeholders to monitor this ratio over time to assess the company's progress in addressing its liquidity position.
Peer comparison
Dec 31, 2023