Green Plains Renewable Energy Inc (GPRE)

Current 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
Total current assets US$ in thousands 569,032 561,367 551,820 588,441 732,730 757,543 816,318 830,554 928,750 935,613 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
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
Current ratio 1.48 1.78 1.68 1.75 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

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 has shown fluctuations over the past few years, ranging from a low of 1.23 in March 2020 to a high of 2.78 in June 2021. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally viewed positively as it suggests the company is in a good position to meet its short-term obligations.

The ratio peaked in the second quarter of 2021, indicating a strong liquidity position at that time. However, it has shown some decline since then, hovering around the 1.5 to 2 range in recent quarters. A declining current ratio could be a cause for concern as it may indicate a weakening ability to cover short-term obligations with current assets.

Overall, the current ratio of Green Plains Renewable Energy Inc has demonstrated some variability but has generally remained above 1, suggesting the company has had sufficient current assets to meet its short-term liabilities. However, management should continue to monitor and analyze trends in the current ratio to ensure the company maintains a healthy liquidity position.