Sunrun Inc (RUN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,882,260 | 1,928,520 | 2,083,080 | 2,084,270 | 2,097,640 | 1,880,030 | 1,710,370 | 1,709,350 | 1,547,720 | 1,594,660 | 1,396,650 | 1,268,650 | 1,137,730 | 645,739 | 638,240 | 707,816 | 733,830 | 567,240 | 530,086 | 463,060 |
| 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 |
| Current ratio | 1.26 | 1.35 | 1.47 | 1.81 | 1.82 | 1.74 | 1.73 | 1.60 | 1.53 | 1.24 | 1.25 | 1.59 | 1.26 | 1.08 | 1.23 | 1.49 | 1.38 | 1.32 | 0.83 | 1.37 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,882,260K ÷ $1,488,160K
= 1.26
The current ratio measures Sunrun Inc's ability to cover its short-term obligations with its current assets. It is computed by dividing current assets by current liabilities.
From Q1 2022 to Q4 2023, Sunrun Inc's current ratio has fluctuated, indicating changes in its short-term liquidity position. The current ratio peaked at 1.81 in Q1 2023, reflecting a higher level of current assets in comparison to current liabilities, suggesting a strong ability to meet short-term obligations.
However, the current ratio decreased to 1.26 in Q4 2023, indicating a decline in current assets relative to current liabilities. This could suggest a potential liquidity concern, as Sunrun Inc may have fewer assets readily available to cover its short-term debts in the most recent quarter.
Further analysis should be conducted to better understand the factors contributing to the fluctuations in the current ratio and to evaluate Sunrun Inc's overall short-term financial health and liquidity position.
Peer comparison
Dec 31, 2023