Green Plains Renewable Energy Inc (GPRE)

Quick 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	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	—	—
Receivables	US$ in thousands	94,901	75,475	100,139	88,272	95,268	143,887	133,635	107,317	109,896	119,434	159,430	142,687	120,872	92,003	81,385	63,002	56,229	112,411	124,899	76,814
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
Quick ratio		0.69	0.96	0.90	0.97	1.16	1.17	0.87	0.96	1.14	1.34	1.07	1.17	1.42	1.69	1.56	1.21	0.65	1.01	0.89	0.59

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 past few years. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.

From March 31, 2020, to December 31, 2021, the quick ratio improved steadily from 0.59 to 1.42, indicating a strengthening liquidity position. This suggests that the company had an increasing ability to cover its short-term liabilities using its quick assets during this period.

However, from March 31, 2022, to December 31, 2024, the quick ratio displayed more variability. The ratio fluctuated between 0.96 and 1.69 during this period, highlighting some inconsistency in the company's ability to quickly cover its short-term obligations.

Overall, the quick ratio has generally remained above 1 since March 31, 2021, indicating that Green Plains Renewable Energy Inc had sufficient liquid assets to cover its current liabilities throughout most of the observed period. However, the fluctuations in the ratio in recent years suggest that the company may need to closely monitor its liquidity position to ensure continued financial stability.