Group 1 Automotive Inc (GPI)
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 | 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 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($34,400K
+ $—K
+ $—K)
÷ $3,396,800K
= 0.01
Group 1 Automotive Inc's quick ratio has exhibited fluctuations over the past few years. The quick ratio measures the firm's ability to cover its current liabilities with its most liquid assets, excluding inventory.
From March 31, 2020, to June 30, 2021, the quick ratio saw an increasing trend, indicating an improvement in the company's short-term liquidity position. However, there was a significant drop in the quick ratio by December 31, 2021, to 0.01, suggesting a potential strain on the firm's ability to meet its short-term obligations with its quick assets.
The quick ratio recovered slightly by June 30, 2022, and remained relatively stable around 0.02 until December 31, 2024. This stability indicates that Group 1 Automotive Inc has been able to maintain a consistent level of liquidity over this period.
Overall, while the quick ratio of Group 1 Automotive Inc has shown some volatility, the company has managed to sustain a reasonable level of liquidity to cover its short-term obligations, albeit with some fluctuations. It is essential for investors and stakeholders to monitor these trends to assess the company's ongoing liquidity position effectively.
Peer comparison
Dec 31, 2024