Generac Holdings Inc (GNRC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,997,690 | 2,182,350 | 1,848,460 | 1,669,730 | 1,195,830 |
| Total current liabilities | US$ in thousands | 880,771 | 992,044 | 1,155,910 | 641,524 | 497,064 |
| Current ratio | 2.27 | 2.20 | 1.60 | 2.60 | 2.41 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,997,690K ÷ $880,771K
= 2.27
Generac Holdings Inc's current ratio has shown fluctuations over the past five years. In 2023, the current ratio stands at 2.27, indicating that the company has $2.27 in current assets for every $1 in current liabilities. This represents a slight increase from 2.20 in 2022.
In 2021, there was a notable decrease in the current ratio to 1.60, implying a relatively lower level of liquidity compared to the preceding and subsequent years. The company improved its liquidity position in 2020 with a current ratio of 2.60, which suggests a healthy ability to meet short-term obligations.
The current ratio remained relatively stable in 2019 at 2.41, indicating that the company had a consistent level of liquidity to cover its short-term liabilities. Overall, while the current ratio has fluctuated, Generac Holdings Inc has generally maintained a favorable liquidity position over the years, with 2021 as an outlier, suggesting the need for closer monitoring of short-term liquidity management.
Peer comparison
Dec 31, 2023