Group 1 Automotive Inc (GPI)
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 | 34,400 | 58,700 | 64,400 | 41,900 | 57,200 | 52,900 | 22,800 | 21,300 | 47,900 | 20,500 | 26,300 | 16,600 | 14,900 | 296,900 | 198,700 | 82,900 | 87,300 | 66,200 | 72,700 | 19,200 |
| Short-term investments | US$ in thousands | — | — | 1,300 | 1,800 | 1,200 | 400 | 100 | — | 100 | 200 | — | — | — | — | — | — | 1,900 | — | — | — |
| Total current liabilities | US$ in thousands | 3,396,800 | 3,623,900 | 3,097,700 | 2,722,000 | 2,505,700 | 2,174,600 | 2,122,300 | 2,054,400 | 1,921,400 | 1,647,100 | 1,682,400 | 1,618,900 | 1,543,600 | 1,046,100 | 1,272,000 | 1,712,500 | 1,842,700 | 1,812,100 | 1,775,100 | 2,640,400 |
| Cash ratio | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.01 | 0.02 | 0.01 | 0.01 | 0.28 | 0.16 | 0.05 | 0.05 | 0.04 | 0.04 | 0.01 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($34,400K
+ $—K)
÷ $3,396,800K
= 0.01
The cash ratio of Group 1 Automotive Inc has shown some fluctuations over the past few years. Initially, from March 31, 2020, to December 31, 2021, the cash ratio remained quite low, ranging between 0.01 and 0.05. However, there was a significant increase in the cash ratio as of June 30, 2021, reaching 0.16, and further increasing to 0.28 by September 30, 2021. This indicates that the company had a higher level of cash and cash equivalents compared to its current liabilities during this period.
Subsequently, the cash ratio decreased again but remained relatively stable between December 31, 2021, and September 30, 2024, fluctuating between 0.01 and 0.02. This suggests that the company may have adjusted its cash position or experienced changes in its liabilities during this time.
Overall, the trend in the cash ratio of Group 1 Automotive Inc indicates fluctuations in the company's liquidity position over the years, with periods of stronger liquidity (higher cash ratio) followed by periods of lower liquidity (lower cash ratio). Monitoring these fluctuations can provide insights into the company's ability to meet its short-term obligations with its available cash resources.
Peer comparison
Dec 31, 2024