Genuine Parts Co (GPC)
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 | 479,991 | 1,078,120 | 555,277 | 1,049,590 | 1,102,010 | 654,637 | 530,105 | 651,183 | 653,463 | 629,198 | 519,131 | 610,776 | 714,701 | 919,097 | 987,389 | 1,117,990 | 990,166 | 900,123 | 983,759 | 354,469 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 8,525,380 | 9,123,410 | 8,766,410 | 8,639,490 | 7,827,110 | 7,800,360 | 7,899,790 | 7,917,520 | 7,686,110 | 7,495,120 | 7,293,860 | 7,249,530 | 6,581,580 | 6,537,320 | 6,521,200 | 6,336,350 | 5,894,080 | 5,976,700 | 5,968,730 | 6,581,220 |
| Cash ratio | 0.06 | 0.12 | 0.06 | 0.12 | 0.14 | 0.08 | 0.07 | 0.08 | 0.09 | 0.08 | 0.07 | 0.08 | 0.11 | 0.14 | 0.15 | 0.18 | 0.17 | 0.15 | 0.16 | 0.05 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($479,991K
+ $—K)
÷ $8,525,380K
= 0.06
The cash ratio of Genuine Parts Co, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has fluctuated over the past several periods.
From March 31, 2020, to September 30, 2021, the cash ratio generally increased from 0.05 to 0.14, indicating an improvement in the company's liquidity position. However, it started to decline from December 31, 2021, reaching 0.06 by June 30, 2024.
The highest cash ratio was recorded on March 31, 2021, at 0.18, suggesting the company had a higher level of cash reserves relative to its current liabilities at that point in time. On the other hand, the lowest cash ratio was observed on June 30, 2024, at 0.06, indicating a decrease in the company's ability to meet its short-term obligations with its available cash.
Overall, Genuine Parts Co's cash ratio fluctuated during the period under review, reflecting variations in the company's cash position and liquidity management over time.