Green Plains Renewable Energy Inc (GPRE)

Quick ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash US$ in thousands 173,041 349,574 444,661 426,220 233,860
Short-term investments US$ in thousands — — 0 124,859 3,994
Receivables US$ in thousands 94,901 95,268 109,896 120,872 56,229
Total current liabilities US$ in thousands 385,687 384,962 486,922 471,804 452,556
Quick ratio 0.69 1.16 1.14 1.42 0.65

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($173,041K + $—K + $94,901K) ÷ $385,687K
= 0.69

The quick ratio of Green Plains Renewable Energy Inc has shown fluctuations over the years. As of December 31, 2020, the quick ratio was relatively low at 0.65, indicating a potential liquidity issue. However, there was a significant improvement by December 31, 2021, with the quick ratio reaching 1.42, suggesting the company had a better ability to cover its short-term obligations with its most liquid assets.

Subsequently, the quick ratio decreased to 1.14 by December 31, 2022, and then increased slightly to 1.16 by December 31, 2023. These ratios still indicate a healthy liquidity position for the company during those years.

However, by December 31, 2024, the quick ratio decreased to 0.69, signaling a potential decrease in the company's ability to meet its short-term obligations using its quick assets.

Overall, the trend in the quick ratio of Green Plains Renewable Energy Inc shows some variability, with fluctuations that may warrant further investigation into the company's liquidity management practices.