Sunrun Inc (RUN)
Cash 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 and cash equivalents | US$ in thousands | 574,956 | 533,863 | 1,042,100 | 783,031 | 678,821 | 643,787 | 669,094 | 628,536 | 740,508 | 672,083 | 522,460 | 629,161 | 617,634 | 717,593 | 679,588 | 649,493 | 519,965 | 276,052 | 269,569 | 286,418 |
| Short-term investments | US$ in thousands | — | — | 47,700 | — | 55,000 | 64,900 | — | — | 55,000 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,334,480 | 1,091,510 | 1,007,740 | 1,273,820 | 1,488,160 | 1,423,270 | 1,421,680 | 1,150,020 | 1,155,450 | 1,082,500 | 990,998 | 1,069,910 | 1,012,120 | 1,283,630 | 1,119,110 | 798,835 | 901,356 | 596,240 | 517,299 | 474,757 |
| Cash ratio | 0.43 | 0.49 | 1.08 | 0.61 | 0.49 | 0.50 | 0.47 | 0.55 | 0.69 | 0.62 | 0.53 | 0.59 | 0.61 | 0.56 | 0.61 | 0.81 | 0.58 | 0.46 | 0.52 | 0.60 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($574,956K
+ $—K)
÷ $1,334,480K
= 0.43
The cash ratio of Sunrun Inc has shown some fluctuations over the analyzed period, ranging from a low of 0.46 to a high of 1.08. Generally, the cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations without relying on external financing or selling off assets.
In the case of Sunrun Inc, the cash ratio has generally been in the range of 0.4 to 0.7, with occasional spikes and dips. The ratio peaked at 1.08 on June 30, 2024, suggesting the company had a substantial amount of cash on hand relative to its current liabilities at that time. On the other hand, the ratio dipped to a low of 0.46 on September 30, 2020, indicating a relatively lower level of cash available compared to short-term liabilities.
Overall, while the cash ratio of Sunrun Inc has fluctuated over the analyzed period, it appears that the company has generally maintained a reasonable level of liquidity to meet its short-term obligations. However, fluctuations in the cash ratio may warrant further investigation into the company's cash management practices and financial health.
Peer comparison
Dec 31, 2024