Green Plains Renewable Energy Inc (GPRE)

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	173,041	227,460	195,554	237,302	349,574	326,701	312,858	354,204	444,661	420,838	508,151	509,195	426,220	589,822	496,932	446,833	233,860	150,407	163,362	194,333
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	0	24,989	24,966	24,942	124,859	—	—	—	3,994	73,563	—	—
Total current liabilities	US$ in thousands	385,687	316,122	328,464	336,402	384,962	402,472	513,791	478,839	486,922	420,602	647,574	580,657	471,804	404,304	370,627	421,479	452,556	331,480	324,012	461,201
Cash ratio		0.45	0.72	0.60	0.71	0.91	0.81	0.61	0.74	0.91	1.06	0.82	0.92	1.17	1.46	1.34	1.06	0.53	0.68	0.50	0.42

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 period from March 31, 2020, to December 31, 2024. The cash ratio started at 0.42 on March 31, 2020, indicating that the company had 0.42 units of cash for every dollar of current liabilities.

The ratio increased steadily over the next few quarters, reaching a peak of 1.46 on September 30, 2021, which suggested an improvement in the company's ability to meet its short-term obligations with cash on hand. However, the ratio declined slightly in the following quarters but remained above 1, indicating a healthy liquidity position.

There were fluctuations in the cash ratio in the subsequent quarters, with values ranging from 0.60 to 1.06. These fluctuations might indicate varying levels of cash availability relative to short-term liabilities during the period.

Overall, Green Plains Renewable Energy Inc maintained a relatively stable cash position with its cash ratio hovering around 1 in most quarters, which generally reflects a strong ability to cover short-term obligations with cash reserves. However, it is essential for the company to monitor its cash position closely to ensure liquidity and smooth functioning of its operations.