Century Communities Inc (CCS)
Cash ratio
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 226,150 | 296,724 | 316,310 | 394,001 | 55,436 |
Short-term investments | US$ in thousands | 15,853 | — | — | — | — |
Total current liabilities | US$ in thousands | 239,298 | 197,626 | 331,876 | 259,050 | 367,469 |
Cash ratio | 1.01 | 1.50 | 0.95 | 1.52 | 0.15 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($226,150K
+ $15,853K)
÷ $239,298K
= 1.01
The cash ratio of Century Communities Inc has displayed fluctuations over the past five years. In 2021, the company had a high cash ratio of 2.10, indicating that it had sufficient cash and cash equivalents to cover its short-term liabilities. This suggests a strong liquidity position for the company at that time.
However, in 2019, the cash ratio was relatively low at 0.97, implying that the company had less available cash to cover its short-term obligations. This may have raised concerns about the company's ability to meet its immediate financial obligations.
Overall, the cash ratio has shown variability over the years, which could be a result of changes in the company's cash management practices, working capital efficiency, or economic conditions impacting its liquidity position. Monitoring the cash ratio over time can provide insights into the company's liquidity management and financial health.
Peer comparison
Dec 31, 2023