Century Communities Inc (CCS)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Cash and cash equivalents	US$ in thousands	149,998	149,155	106,682	122,840	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
Short-term investments	US$ in thousands	—	—	28,493	28,398	27,867	28,294	27,530	26,498	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	232,804	247,214	248,816	212,447	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
Cash ratio		0.64	0.60	0.54	0.71	1.06	1.37	1.98	2.89	1.50	0.50	0.37	1.08	0.95	2.32	2.63	1.76	1.52	0.86	0.53	0.57

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($149,998K + $—K) ÷ $232,804K
= 0.64

The cash ratio of Century Communities Inc has shown fluctuations over the years, reflecting changes in the company's liquidity position. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents.

From March 31, 2020, to June 30, 2021, the cash ratio steadily increased from 0.57 to 2.63, indicating an improvement in the company's liquidity position during this period. This significant increase suggests that Century Communities Inc had ample cash to cover its short-term debt obligations.

However, the cash ratio declined from September 30, 2021, to June 30, 2022, reaching a low of 0.37. This decrease may indicate potential challenges in maintaining sufficient cash reserves to meet short-term obligations.

From March 31, 2023, to September 30, 2024, the cash ratio fluctuated between 0.71 and 2.89, showing variability in the company's cash availability over these quarters.

Overall, while the cash ratio of Century Communities Inc has experienced fluctuations, it is important for investors and stakeholders to monitor the company's liquidity position closely to assess its ability to meet short-term financial obligations.