Green Plains Renewable Energy Inc (GPRE)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 173,041 | 349,574 | 444,661 | 426,220 | 233,860 |
| Short-term investments | US$ in thousands | — | — | 0 | 124,859 | 3,994 |
| Total current liabilities | US$ in thousands | 385,687 | 384,962 | 486,922 | 471,804 | 452,556 |
| Cash ratio | 0.45 | 0.91 | 0.91 | 1.17 | 0.53 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($173,041K
+ $—K)
÷ $385,687K
= 0.45
The cash ratio of Green Plains Renewable Energy Inc has shown fluctuations over the past five years. In December 31, 2020, the cash ratio was at 0.53, indicating that the company had $0.53 in cash and cash equivalents for every dollar of current liabilities.
The ratio improved significantly in December 31, 2021, reaching 1.17, suggesting a stronger liquidity position with $1.17 in cash and cash equivalents for every dollar of current liabilities.
However, in the following years, the cash ratio decreased to 0.91 by December 31, 2022, and remained at the same level by December 31, 2023. This decline could signal a potential reduction in the company's ability to cover its short-term obligations with cash on hand.
By December 31, 2024, the cash ratio dropped further to 0.45, reflecting a lower level of liquidity compared to previous years. It would be essential for Green Plains Renewable Energy Inc to monitor its cash position to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024