Stock Analysis on Net

Generac Holdings Inc. (NYSE:GNRC)

This company has been moved to the archive! The financial data has not been updated since August 8, 2022.

Analysis of Liquidity Ratios 

Microsoft Excel

Liquidity Ratios (Summary)

Generac Holdings Inc., liquidity ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Current ratio 1.60 2.60 2.41 2.00 2.10
Quick ratio 0.60 1.61 1.29 0.98 1.08
Cash ratio 0.13 1.02 0.65 0.40 0.36

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Generac Holdings Inc. current ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Generac Holdings Inc. quick ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Generac Holdings Inc. cash ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Current Ratio

Generac Holdings Inc., current ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Current assets 1,848,464 1,669,733 1,195,829 1,120,769 818,556
Current liabilities 1,155,907 641,524 497,064 560,706 388,872
Liquidity Ratio
Current ratio1 1.60 2.60 2.41 2.00 2.10
Benchmarks
Current Ratio, Competitors2
Boeing Co. 1.33 1.39 1.05
Caterpillar Inc. 1.46 1.53 1.47
Eaton Corp. plc 1.04 1.56 1.70
GE Aerospace 1.28 1.58 1.16
Honeywell International Inc. 1.30 1.47 1.34
Lockheed Martin Corp. 1.42 1.39 1.22
RTX Corp. 1.19 1.21 1.08
Current Ratio, Sector
Capital Goods 1.31 1.43 1.17
Current Ratio, Industry
Industrials 1.30 1.42 1.19

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 1,848,464 ÷ 1,155,907 = 1.60

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. Generac Holdings Inc. current ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Quick Ratio

Generac Holdings Inc., quick ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 147,339 655,128 322,883 224,482 138,472
Accounts receivable, less allowance for credit losses 546,466 374,906 319,538 326,133 280,002
Total quick assets 693,805 1,030,034 642,421 550,615 418,474
 
Current liabilities 1,155,907 641,524 497,064 560,706 388,872
Liquidity Ratio
Quick ratio1 0.60 1.61 1.29 0.98 1.08
Benchmarks
Quick Ratio, Competitors2
Boeing Co. 0.34 0.41 0.23
Caterpillar Inc. 0.89 1.02 0.98
Eaton Corp. plc 0.54 0.68 0.78
GE Aerospace 0.93 1.27 0.86
Honeywell International Inc. 0.94 1.15 0.99
Lockheed Martin Corp. 1.15 1.05 0.93
RTX Corp. 0.81 0.78 0.73
Quick Ratio, Sector
Capital Goods 0.71 0.83 0.64
Quick Ratio, Industry
Industrials 0.78 0.87 0.71

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 693,805 ÷ 1,155,907 = 0.60

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. Generac Holdings Inc. quick ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.

Cash Ratio

Generac Holdings Inc., cash ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Cash and cash equivalents 147,339 655,128 322,883 224,482 138,472
Total cash assets 147,339 655,128 322,883 224,482 138,472
 
Current liabilities 1,155,907 641,524 497,064 560,706 388,872
Liquidity Ratio
Cash ratio1 0.13 1.02 0.65 0.40 0.36
Benchmarks
Cash Ratio, Competitors2
Boeing Co. 0.20 0.29 0.10
Caterpillar Inc. 0.31 0.36 0.31
Eaton Corp. plc 0.08 0.19 0.12
GE Aerospace 0.54 0.78 0.60
Honeywell International Inc. 0.59 0.79 0.58
Lockheed Martin Corp. 0.26 0.23 0.11
RTX Corp. 0.22 0.25 0.21
Cash Ratio, Sector
Capital Goods 0.32 0.44 0.31
Cash Ratio, Industry
Industrials 0.35 0.45 0.34

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

1 2021 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 147,339 ÷ 1,155,907 = 0.13

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. Generac Holdings Inc. cash ratio improved from 2019 to 2020 but then deteriorated significantly from 2020 to 2021.