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