Generac Holdings Inc (GNRC)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 281,277 | 214,177 | 218,317 | 249,355 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | 5,516 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,033,150 | 1,019,470 | 912,557 | 897,901 | 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 |
| Cash ratio | 0.27 | 0.21 | 0.24 | 0.28 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($281,277K
+ $—K)
÷ $1,033,150K
= 0.27
The cash ratio of Generac Holdings Inc has shown fluctuations over the years. It increased steadily from March 31, 2020, to March 31, 2021, reaching its highest point at 1.05. However, from June 30, 2021, to December 31, 2021, there was a sharp decline in the cash ratio. This trend continued into the first half of 2022, with the ratio hitting its lowest point at 0.13 by December 31, 2021.
Subsequently, there was a slight improvement in the cash ratio in the following quarters, reaching 0.40 by June 30, 2022. However, the ratio decreased again by September 30, 2022, before showing some stability around the 0.20 range for the rest of 2022.
Overall, while the cash ratio of Generac Holdings Inc has experienced fluctuations, indicating varying levels of liquidity over the years, the company has generally maintained a ratio above 0.20, demonstrating a sufficient level of cash on hand to cover its short-term liabilities.
Peer comparison
Dec 31, 2024