Sunrun Inc (RUN)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 640,380 | 621,588 | 605,372 | 579,864 | 538,640 | 505,137 | 484,094 | 446,126 | 358,764 | 375,387 | 342,620 | 291,110 | 246,454 | 209,600 | 184,727 | 178,901 | 182,097 | 187,654 | 179,891 | 160,279 |
| 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 |
| Quick ratio | 0.89 | 0.93 | 0.90 | 1.05 | 1.11 | 1.09 | 1.02 | 1.01 | 0.96 | 0.85 | 0.91 | 1.18 | 0.85 | 0.81 | 0.88 | 0.98 | 0.85 | 1.19 | 0.75 | 1.21 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($678,821K
+ $—K
+ $640,380K)
÷ $1,488,160K
= 0.89
The quick ratio measures a company's ability to meet its short-term financial obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
From the data provided, Sunrun Inc's quick ratio has fluctuated over the past eight quarters, ranging from 0.67 to 0.95. Generally, a quick ratio above 1 is considered healthy as it suggests the company has enough liquid assets to cover its short-term liabilities. Sunrun's quick ratio has mostly been below 1, indicating potential challenges in meeting its short-term obligations.
In Q4 2023, Sunrun's quick ratio was 0.75, showing a decrease from the previous quarter. This suggests that the company's ability to cover its short-term obligations with its most liquid assets has decreased.
The trend over the past quarters indicates some variability in Sunrun's liquidity position. Investors and analysts should closely monitor this metric to assess the company's ability to manage its short-term financial commitments.
Peer comparison
Dec 31, 2023