Sunrun Inc (RUN)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 269,577 | 324,698 | 299,537 | 245,604 |
| Short-term investments | US$ in thousands | — | 64,900 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 530,094 | 429,012 | 637,890 | 336,802 |
| Cash ratio | 0.46 | 0.50 | 0.47 | 0.55 | 0.64 | 0.62 | 0.53 | 0.59 | 0.61 | 0.56 | 0.61 | 0.81 | 0.58 | 0.46 | 0.52 | 0.60 | 0.51 | 0.76 | 0.47 | 0.73 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($678,821K
+ $—K)
÷ $1,488,160K
= 0.46
The cash ratio of Sunrun Inc has exhibited variability over the past eight quarters, ranging from a low of 0.54 in Q3 2023 to a high of 0.77 in Q4 2022. The cash ratio measures the company's ability to meet its short-term liabilities using its cash and cash equivalents.
A higher cash ratio indicates that the company has more cash on hand relative to its current liabilities, enhancing its ability to cover its immediate financial obligations. Conversely, a lower cash ratio may suggest potential liquidity challenges.
Sunrun Inc's cash ratio fluctuated within a moderate range between 0.54 and 0.77 over the analyzed period. While the cash ratio in Q4 2023 stood at 0.63, indicating a decrease from the previous quarter, the company's liquidity position remains relatively stable.
Analysts should continue monitoring Sunrun Inc's cash ratio to assess any shifts in its liquidity position and evaluate the company's ability to manage its short-term financial commitments effectively.
Peer comparison
Dec 31, 2023