Generac Holdings Inc (GNRC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,997,690 | 2,167,050 | 2,273,050 | 2,185,770 | 2,182,350 | 2,313,270 | 2,491,310 | 2,125,400 | 1,848,460 | 1,923,570 | 1,692,530 | 1,857,610 | 1,669,730 | 1,480,340 | 1,297,110 | 1,208,720 | 1,195,830 | 1,137,430 | 1,051,710 | 1,062,800 |
| 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 |
| Current ratio | 2.27 | 2.41 | 2.43 | 2.40 | 2.20 | 2.09 | 2.13 | 1.70 | 1.60 | 1.89 | 2.02 | 2.62 | 2.60 | 2.66 | 2.67 | 2.50 | 2.41 | 2.39 | 2.19 | 2.06 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,997,690K ÷ $880,771K
= 2.27
The current ratio of Generac Holdings Inc has been relatively stable and consistently above 2 for the past eight quarters, indicating that the company has more than enough current assets to cover its short-term liabilities. The ratio peaked at 2.43 in Q2 2023, showing a strong ability to meet its short-term obligations. However, there was a slight decrease in Q4 2023 to 2.27, which is still a healthy level. Overall, the consistent current ratio above 2 suggests a strong liquidity position for Generac Holdings Inc.
Peer comparison
Dec 31, 2023
Company name
Symbol
Current ratio
Generac Holdings Inc
GNRC
2.27
Franklin Electric Co Inc
FELE
2.97
Regal Beloit Corporation
RRX
2.55