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Gentex Corporation  (GNTX)
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Gentex's Quick Ratio

GNTX's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth


Regardless of the sequential decrease in Current Liabilities, during the forth quarter 2023, Quick Ratio deteriorated to 0.89 below Gentex's average Quick Ratio.

Within Auto & Truck Parts industry 2 other companies have achieved higher Quick Ratio than Gentex in forth quarter 2023. While Quick Ratio total ranking in the forth quarter 2023 has deteriorated compared to the prior quarter from 467 to 696.

Explain Quick Ratio?
How much Cash & cash equivalents GNTX´s has?
What are GNTX´s Current Liabilities?


GNTX Quick Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change 8.4 % 3.48 % -3.53 % 24.16 % 37.93 %
Y / Y Cash & cash equivalent Change 1.27 % 16.33 % -8.36 % -15.88 % -11.2 %
Quick Ratio MRQ 0.89 1.01 0.93 0.81 0.95
GNTX's Total Ranking # 696 # 467 # 727 # 1724 # 385
Seq. Current Liabilities Change -1.02 % -0.6 % -7.06 % 18.55 % -5.51 %
Seq. Cash & cash equivalent Change -13.42 % 7.86 % 6.95 % 1.4 % -0.54 %



Quick Ratio forth quarter 2023 Company Ranking
Within: No.
Auto & Truck Parts Industry # 3
Consumer Discretionary Sector # 21
Overall Market # 696


Quick Ratio Statistics
High Average Low
5.73 2.54 0.81
(Jun 30 2013)   (Mar 31 2023)




Financial Statements
Gentex's Current Liabilities $ 272 Millions Visit GNTX's Balance sheet
Gentex's Cash & cash equivalent $ 241 Millions Visit GNTX's Balance sheet
Source of GNTX's Sales Visit GNTX's Sales by Geography


Cumulative Gentex's Quick Ratio

GNTX's Quick Ratio for the trailling 12 Months

GNTX Quick Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth 8.4 % 3.48 % -3.53 % 24.16 % 37.93 %
Y / Y Cash & cash equivalent TTM Growth 1.27 % 16.33 % -8.36 % -15.88 % -11.2 %
Quick Ratio TTM 0.91 0.92 0.9 0.91 1
Total Ranking TTM # 305 # 3734 # 1486 # 3372 # 297
Seq. Current Liabilities TTM Growth -1.02 % -0.6 % -7.06 % 18.55 % -5.51 %
Seq. Cash & cash equivalent TTM Growth -13.42 % 7.86 % 6.95 % 1.4 % -0.54 %


On the trailing twelve months basis Due to decrease in Current Liabilities in the IV Quarter 2023 to $271.61 millions, cumulative Quick Ratio decreased to 0.91 below the Gentex Corporation average Quick Ratio.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Auto & Truck Parts industry GNTX achieved the highest Quick Ratio. While Quick Ratio overall ranking has improved so far to 305, from total ranking during the twelve months ending third quarter 2023 at 3734.

Explain Quick Ratio?
How much Cash & cash equivalents GNTX´s has?
What are GNTX´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within: No.
Within the Auto & Truck Parts Industry # 1
Consumer Discretionary Sector # 7
Within the Market # 305


trailing twelve months Quick Ratio Statistics
High Average Low
3.97 2.37 0.9
(Dec 31 2016)   (Jun 30 2023)




Companies with similar Quick Ratio in the quarter ending Dec 31 2023, within Auto & Truck Parts Industry Quick RatioDec 31 2023 MRQ Cash & cash equivalentDec 31 2023 MRQ Current Liabilities
Leatt Corporation  1.68 $ 11.347  Millions$ 6.750  Millions
Innoviz Technologies Ltd   1.07 $ 39.671  Millions$ 37.230  Millions
Gentex Corporation  0.89 $ 240.791  Millions$ 271.609  Millions
Icahn Enterprises l p   0.87 $ 2,951.000  Millions$ 3,405.000  Millions
Visteon Corporation  0.57 $ 518.000  Millions$ 901.000  Millions
Harley davidson Inc   0.48 $ 1,638.448  Millions$ 3,384.264  Millions
Atmus Filtration Technologies Inc   0.45 $ 168.000  Millions$ 375.000  Millions
American Axle and Manufacturing Holdings Inc  0.44 $ 519.900  Millions$ 1,179.700  Millions
Holley Inc   0.44 $ 41.081  Millions$ 93.737  Millions
Phinia Inc   0.34 $ 365.000  Millions$ 1,059.000  Millions
Aptiv Plc  0.34 $ 1,640.000  Millions$ 4,808.000  Millions
Modine Manufacturing Co  0.31 $ 149.700  Millions$ 475.500  Millions
Commercial Vehicle Group Inc   0.27 $ 37.848  Millions$ 137.687  Millions
Cooper standard Holdings Inc   0.24 $ 154.801  Millions$ 634.666  Millions
Lear Corp  0.21 $ 1,196.300  Millions$ 5,667.200  Millions
Dana Inc   0.21 $ 529.000  Millions$ 2,560.000  Millions
Bwx Technologies Inc   0.20 $ 75.766  Millions$ 375.046  Millions
Garrett Motion Inc   0.19 $ 259.000  Millions$ 1,374.000  Millions
Lci Industries  0.18 $ 66.157  Millions$ 358.723  Millions
Cheetah Net Supply Chain Service inc   0.18 $ 0.433  Millions$ 2.359  Millions

Date modified: 2024-02-23T14:09:06+00:00



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