Stock Analysis on Net

General Electric Co. (NYSE:GE)

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

General Electric Co., liquidity ratios (quarterly data)

Microsoft Excel
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
Current ratio 1.18 1.17 1.25 1.25 1.16 1.10 1.13 1.19 1.28 1.80 1.81 1.96 1.58 1.27 1.22 1.14 0.99 1.07 1.11 1.13
Quick ratio 0.78 0.76 0.84 0.86 0.81 0.73 0.75 0.82 0.93 0.90 0.90 1.06 1.27 1.01 0.97 0.91 0.69 0.65 0.71 0.73
Cash ratio 0.45 0.42 0.49 0.52 0.44 0.35 0.37 0.44 0.54 0.52 0.50 0.67 0.78 0.70 0.70 0.67 0.47 0.41 0.44 0.47

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. General Electric Co. current ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. General Electric Co. quick ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. General Electric Co. cash ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023.

Current Ratio

General Electric Co., current ratio calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Current assets 59,799 56,434 60,213 60,286 66,234 60,082 60,658 63,299 66,348 103,587 102,411 113,198 88,412 71,389 72,723 80,174 76,416 71,863 81,297 83,752
Current liabilities 50,876 48,164 48,108 48,177 56,947 54,657 53,883 53,344 51,953 57,676 56,639 57,681 56,069 56,136 59,386 70,305 77,572 67,296 73,178 74,363
Liquidity Ratio
Current ratio1 1.18 1.17 1.25 1.25 1.16 1.10 1.13 1.19 1.28 1.80 1.81 1.96 1.58 1.27 1.22 1.14 0.99 1.07 1.11 1.13
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.14 1.15 1.17 1.16 1.22 1.22 1.25 1.30 1.33 1.36 1.35 1.33 1.39 1.42 1.41 1.17 1.05 1.11 1.03 1.07
Caterpillar Inc. 1.35 1.45 1.33 1.43 1.39 1.41 1.45 1.44 1.46 1.61 1.56 1.60 1.53 1.54 1.50 1.42 1.47 1.44 1.43 1.43
Cummins Inc. 1.18 1.43 1.40 1.29 1.27 1.37 1.66 1.68 1.74 1.80 1.81 1.82 1.88 1.94 1.42 1.40 1.50 1.52 1.66 1.57
Honeywell International Inc. 1.27 1.35 1.41 1.26 1.25 1.24 1.20 1.21 1.30 1.29 1.41 1.43 1.47 1.64 1.63 1.30 1.34 1.31 1.19 1.24
Lockheed Martin Corp. 1.21 1.36 1.36 1.30 1.32 1.28 1.27 1.27 1.42 1.42 1.36 1.38 1.39 1.33 1.31 1.23 1.22 1.28 1.20 1.17
RTX Corp. 1.04 1.03 1.10 1.13 1.09 1.09 1.10 1.16 1.19 1.23 1.17 1.17 1.21 1.22 1.20 1.23 1.08 1.06 1.05 1.13

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Current ratio = Current assets ÷ Current liabilities
= 59,799 ÷ 50,876 = 1.18

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. General Electric Co. current ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023.

Quick Ratio

General Electric Co., quick ratio calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Cash, cash equivalents and restricted cash 16,967 13,127 12,766 12,001 17,262 12,596 13,190 12,842 15,770 24,955 22,460 31,783 36,630 39,162 41,431 47,286 36,394 27,810 31,968 34,905
Investment securities 5,706 7,054 10,885 12,814 7,609 6,297 6,745 10,779 12,297 5,300 6,134 6,741 7,319
Current receivables 15,466 14,546 14,767 14,212 17,976 17,197 16,283 16,050 15,620 14,874 15,190 15,381 16,691 17,302 16,041 16,925 16,769 16,018 20,152 19,518
Financing receivables, net 271 316 306 1,265
Other GE Capital receivables 1,186 1,363 1,339 3,331
Current contract assets 1,500 1,875 2,037 2,244 3,088 3,701 4,241 4,246 4,881 5,238 5,431 5,821 5,764
Total quick assets 39,639 36,602 40,455 41,271 45,935 39,791 40,459 43,917 48,568 51,824 50,894 61,371 71,000 56,464 57,472 64,211 53,163 43,828 52,120 54,423
 
Current liabilities 50,876 48,164 48,108 48,177 56,947 54,657 53,883 53,344 51,953 57,676 56,639 57,681 56,069 56,136 59,386 70,305 77,572 67,296 73,178 74,363
Liquidity Ratio
Quick ratio1 0.78 0.76 0.84 0.86 0.81 0.73 0.75 0.82 0.93 0.90 0.90 1.06 1.27 1.01 0.97 0.91 0.69 0.65 0.71 0.73
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.28 0.28 0.28 0.29 0.32 0.29 0.28 0.29 0.34 0.38 0.38 0.37 0.41 0.42 0.47 0.30 0.23 0.28 0.25 0.26
Caterpillar Inc. 0.74 0.76 0.74 0.79 0.79 0.78 0.81 0.84 0.89 1.00 1.02 1.08 1.02 1.01 0.98 0.91 0.98 0.93 0.94 0.91
Cummins Inc. 0.65 0.78 0.74 0.69 0.68 0.74 0.93 0.95 1.01 1.05 1.07 1.14 1.21 1.22 0.80 0.79 0.82 0.86 0.94 0.87
Honeywell International Inc. 0.84 0.92 0.98 0.84 0.88 0.85 0.82 0.84 0.94 0.96 1.06 1.08 1.15 1.27 1.26 0.93 0.99 1.00 0.87 0.92
Lockheed Martin Corp. 0.99 1.14 1.14 1.07 1.09 1.06 1.03 1.03 1.15 1.18 1.10 1.09 1.05 1.08 1.04 0.96 0.93 1.03 0.93 0.93
RTX Corp. 0.63 0.63 0.68 0.71 0.69 0.70 0.71 0.76 0.81 0.82 0.79 0.79 0.78 0.84 0.75 0.81 0.73 0.71 0.70 0.75

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 39,639 ÷ 50,876 = 0.78

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. General Electric Co. quick ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023.

Cash Ratio

General Electric Co., cash ratio calculation (quarterly data)

Microsoft Excel
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
Selected Financial Data (US$ in millions)
Cash, cash equivalents and restricted cash 16,967 13,127 12,766 12,001 17,262 12,596 13,190 12,842 15,770 24,955 22,460 31,783 36,630 39,162 41,431 47,286 36,394 27,810 31,968 34,905
Investment securities 5,706 7,054 10,885 12,814 7,609 6,297 6,745 10,779 12,297 5,300 6,134 6,741 7,319
Total cash assets 22,673 20,181 23,651 24,815 24,871 18,893 19,935 23,621 28,067 30,255 28,594 38,524 43,949 39,162 41,431 47,286 36,394 27,810 31,968 34,905
 
Current liabilities 50,876 48,164 48,108 48,177 56,947 54,657 53,883 53,344 51,953 57,676 56,639 57,681 56,069 56,136 59,386 70,305 77,572 67,296 73,178 74,363
Liquidity Ratio
Cash ratio1 0.45 0.42 0.49 0.52 0.44 0.35 0.37 0.44 0.54 0.52 0.50 0.67 0.78 0.70 0.70 0.67 0.47 0.41 0.44 0.47
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.17 0.14 0.15 0.16 0.19 0.16 0.14 0.15 0.20 0.23 0.24 0.24 0.29 0.29 0.35 0.16 0.10 0.12 0.10 0.09
Caterpillar Inc. 0.20 0.20 0.21 0.21 0.22 0.21 0.21 0.22 0.31 0.36 0.39 0.43 0.36 0.37 0.35 0.27 0.31 0.29 0.27 0.26
Cummins Inc. 0.21 0.28 0.21 0.20 0.23 0.28 0.39 0.37 0.45 0.44 0.44 0.50 0.61 0.58 0.30 0.29 0.23 0.28 0.28 0.24
Honeywell International Inc. 0.44 0.46 0.51 0.40 0.51 0.44 0.43 0.49 0.59 0.60 0.68 0.71 0.79 0.87 0.87 0.51 0.58 0.62 0.50 0.55
Lockheed Martin Corp. 0.09 0.21 0.21 0.14 0.16 0.15 0.11 0.12 0.26 0.18 0.18 0.20 0.23 0.24 0.19 0.13 0.11 0.16 0.08 0.06
RTX Corp. 0.14 0.12 0.13 0.15 0.16 0.14 0.13 0.17 0.22 0.22 0.23 0.24 0.25 0.28 0.20 0.25 0.21 0.21 0.19 0.20

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q4 2023 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 22,673 ÷ 50,876 = 0.45

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. General Electric Co. cash ratio deteriorated from Q2 2023 to Q3 2023 but then slightly improved from Q3 2023 to Q4 2023.