Sunrun Inc (RUN)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 574,956 | 678,821 | 740,508 | 617,634 | 519,965 |
| Short-term investments | US$ in thousands | — | 0 | 55,000 | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 1,334,480 | 1,488,160 | 1,155,450 | 1,012,120 | 901,356 |
| Quick ratio | 0.43 | 0.46 | 0.69 | 0.61 | 0.58 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($574,956K
+ $—K
+ $—K)
÷ $1,334,480K
= 0.43
The quick ratio of Sunrun Inc has shown varying trends over the years, indicating fluctuations in the company's short-term liquidity position. As of December 31, 2020, the quick ratio stood at 0.58, suggesting that the company had $0.58 of liquid assets available to cover each dollar of current liabilities.
By December 31, 2021, the quick ratio improved slightly to 0.61, indicating a modest strengthening in the company's ability to meet its short-term obligations with liquid assets. This improvement continued into December 31, 2022, with the quick ratio increasing to 0.69, reflecting a more favorable liquidity position.
However, a significant decline was seen by December 31, 2023, when the quick ratio dropped to 0.46, signaling a potential challenge in Sunrun's short-term liquidity management. This decline continued into December 31, 2024, with the quick ratio decreasing further to 0.43, indicating a continued strain on the company's ability to cover immediate liabilities with liquid assets.
Overall, the fluctuating nature of Sunrun Inc's quick ratio suggests the importance of monitoring the company's liquidity position closely to ensure its ability to meet short-term financial obligations efficiently.
Peer comparison
Dec 31, 2024