Century Communities Inc (CCS)

Cash ratio

		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
Cash and cash equivalents	US$ in thousands	226,150	193,111	350,488	405,722	296,724	98,203	78,011	209,046	316,310	491,879	419,416	502,906	394,001	288,341	173,521	450,973	55,436	38,508	31,704	38,115
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	239,298	162,094	191,024	149,784	197,626	195,047	209,001	193,028	331,876	211,599	159,776	285,050	259,050	337,122	327,161	792,945	367,469	493,333	521,793	499,949
Cash ratio		0.95	1.19	1.83	2.71	1.50	0.50	0.37	1.08	0.95	2.32	2.63	1.76	1.52	0.86	0.53	0.57	0.15	0.08	0.06	0.08

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($226,150K + $—K) ÷ $239,298K
= 0.95

The cash ratio of Century Communities Inc has shown a relatively stable trend over the past eight quarters, ranging from 1.84 to 1.04. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.

In the latest quarter, Q4 2023, the cash ratio increased to 1.83, showing a healthy level of liquidity. This improvement suggests that Century Communities Inc has a sufficient amount of cash on hand to cover its short-term liabilities, which is a positive signal for investors and creditors.

Overall, the company has maintained a sound cash position throughout the analyzed periods, which can enhance its financial stability and flexibility in managing its operations and financial obligations.