Generac Holdings Inc (GNRC)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 612,107 | 658,649 | 610,322 | 520,725 | 537,316 | 589,226 | 540,332 | 490,384 | 522,458 | 542,528 | 692,291 | 609,870 | 546,466 | 510,670 | 480,889 | 428,702 | 374,906 | 398,240 | 322,937 | 312,013 |
| 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 |
| Quick ratio | 0.86 | 0.86 | 0.91 | 0.86 | 0.84 | 0.83 | 0.78 | 0.69 | 0.66 | 0.70 | 0.99 | 0.65 | 0.60 | 0.92 | 1.04 | 1.65 | 1.61 | 1.64 | 1.48 | 1.28 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($281,277K
+ $—K
+ $612,107K)
÷ $1,033,150K
= 0.86
The quick ratio of Generac Holdings Inc, which measures the company's ability to meet its short-term obligations with its most liquid assets, has exhibited fluctuations over the disclosed periods.
Initially, the quick ratio increased from 1.28 on March 31, 2020, to 1.65 on March 31, 2021, indicating an improved liquidity position. However, the ratio declined significantly to 0.60 by December 31, 2021, signaling potential liquidity challenges.
Throughout 2022 and 2023, the quick ratio showed some variability, hovering around the range of 0.60 to 0.90. Notably, there was a sharp increase in the ratio to 0.91 by June 30, 2024, suggesting enhanced liquidity.
Overall, the quick ratio of Generac Holdings Inc has demonstrated some volatility, with periodic fluctuations that may require further analysis to understand the underlying reasons for the changes.
Peer comparison
Dec 31, 2024