Green Plains Renewable Energy Inc (GPRE)

Current ratio

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	732,730	757,543	816,318	830,554	928,750	935,613	1,159,700	1,162,610	1,117,750	1,117,530	1,029,910	1,010,540	642,353	508,677	516,055	566,385	667,913	622,055	1,086,190	1,082,950
Total current liabilities	US$ in thousands	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	541,791	483,915	716,756	765,939
Current ratio		1.90	1.88	1.59	1.73	1.91	2.22	1.79	2.00	2.37	2.76	2.78	2.40	1.42	1.53	1.59	1.23	1.23	1.29	1.52	1.41

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $732,730K ÷ $384,962K
= 1.90

Green Plains Inc's current ratio has shown some fluctuation over the past eight quarters. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets.

In Q4 2023, the current ratio is 1.90, an increase from the previous quarter, indicating the company has slightly improved its ability to meet short-term obligations. However, compared to the ratios from Q2 and Q3 2022, the current ratio has decreased, suggesting a potential liquidity risk.

Overall, the current ratio has been relatively stable, with fluctuations happening within a reasonable range. It is important for stakeholders to monitor the current ratio closely to ensure the company's ability to meet its short-term financial obligations.