Green Plains Renewable Energy Inc (GPRE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 569,032 | 732,730 | 928,750 | 1,117,750 | 642,353 |
| Total current liabilities | US$ in thousands | 385,687 | 384,962 | 486,922 | 471,804 | 452,556 |
| Current ratio | 1.48 | 1.90 | 1.91 | 2.37 | 1.42 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $569,032K ÷ $385,687K
= 1.48
The current ratio of Green Plains Renewable Energy Inc demonstrates fluctuating trends over the past five years. From 2020 to 2021, the ratio improved considerably from 1.42 to 2.37, indicating a strengthened ability to meet short-term obligations with current assets. However, in the subsequent years, the current ratio decreased slightly, settling at 1.48 in 2024. While the ratio in 2024 suggests that the company may have a relatively lower capacity to cover its current liabilities with current assets compared to 2021, it is crucial to consider industry norms and specific business circumstances when evaluating the adequacy of Green Plains Renewable Energy Inc's liquidity position.
Peer comparison
Dec 31, 2024