Sunrun Inc (RUN)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,882,260 | 2,097,640 | 1,547,720 | 1,137,730 | 733,830 |
| Total current liabilities | US$ in thousands | 1,488,160 | 1,155,450 | 1,012,120 | 901,356 | 530,094 |
| Current ratio | 1.26 | 1.82 | 1.53 | 1.26 | 1.38 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,882,260K ÷ $1,488,160K
= 1.26
The current ratio of Sunrun Inc has fluctuated over the past five years, ranging from 1.26 to 1.82. In 2023, the current ratio stands at 1.26, indicating that the company may have slightly lower short-term liquidity compared to the previous year. A current ratio above 1 suggests that Sunrun Inc has more current assets than current liabilities, which is generally considered favorable for covering short-term obligations. However, the decreasing trend in the current ratio over the past two years raises concerns about the company's ability to efficiently manage its current liabilities with the available current assets. Further analysis of the individual components of current assets and liabilities would be needed to gain deeper insights into Sunrun Inc's short-term liquidity and financial health.
Peer comparison
Dec 31, 2023