Generac Holdings Inc (GNRC)
Cash 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 and cash equivalents | US$ in thousands | 200,994 | 161,525 | 192,768 | 137,365 | 132,723 | 229,911 | 467,140 | 206,023 | 147,339 | 423,726 | 390,086 | 744,814 | 655,128 | 513,944 | 396,734 | 307,456 | 322,883 | 216,038 | 110,367 | 161,266 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 5,516 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 880,771 | 900,094 | 936,827 | 910,342 | 992,044 | 1,105,130 | 1,172,180 | 1,253,160 | 1,155,910 | 1,018,010 | 836,249 | 710,265 | 641,524 | 556,258 | 486,720 | 483,016 | 497,064 | 476,016 | 480,363 | 515,979 |
| Cash ratio | 0.23 | 0.18 | 0.21 | 0.15 | 0.13 | 0.21 | 0.40 | 0.16 | 0.13 | 0.42 | 0.47 | 1.05 | 1.02 | 0.92 | 0.82 | 0.64 | 0.65 | 0.45 | 0.23 | 0.31 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($200,994K
+ $—K)
÷ $880,771K
= 0.23
The cash ratio of Generac Holdings Inc has shown some fluctuations over the past eight quarters. The ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.
In Q1 2022, the cash ratio was 0.22, indicating that the company had $0.22 in cash and cash equivalents for every $1 of short-term liabilities. The ratio increased in Q2 2022 to 0.48, reflecting an improvement in the company's liquidity position. However, in the following quarters, the ratio decreased to 0.31 in Q3 2022 and further to 0.26 in Q4 2022.
Throughout 2023, the cash ratio continued to fluctuate. It started at 0.28 in Q1 2023, increased to 0.32 in Q2 2023, and then slightly decreased to 0.30 in Q3 2023. The ratio stood at 0.33 in Q4 2023, showing a slight improvement compared to the previous quarter.
Overall, while the cash ratio of Generac Holdings Inc has varied over the analyzed period, it remained relatively stable, with the company generally maintaining enough cash to cover its short-term obligations. However, continuous monitoring is advisable to ensure sufficient liquidity for ongoing operations and financial stability.
Peer comparison
Dec 31, 2023