Century Communities Inc (CCS)

Current 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
Total current assets	US$ in thousands	177,382	186,396	136,278	159,664	263,774	237,345	375,686	434,643	823,324	165,318	137,372	766,957	373,769	551,431	459,699	540,733	439,004	319,748	200,074	481,041
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
Current ratio		0.76	0.75	0.55	0.75	1.10	1.46	1.97	2.90	4.17	0.85	0.66	3.97	1.13	2.61	2.88	1.90	1.69	0.95	0.61	0.61

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $177,382K ÷ $232,804K
= 0.76

Century Communities Inc's current ratio has fluctuated over the past few years. The current ratio measures the company's ability to cover its short-term obligations with its current assets.

As of December 31, 2024, the current ratio stands at 0.76. This indicates that the company's current assets are not sufficient to cover its current liabilities. Despite this, it is important to note that a current ratio of less than 1 does not necessarily imply financial distress, as it can be influenced by various factors such as industry norms and the company's operating cycle.

Looking back, the current ratio has shown a pattern of fluctuation, reaching a low of 0.55 on June 30, 2024, and a high of 4.17 on December 31, 2022. The significant increase in the current ratio in December 2022 suggests an improvement in the company's liquidity position during that period.

Overall, while the current ratio has varied significantly, investors and stakeholders should consider other financial indicators and factors in conjunction with the current ratio to assess Century Communities Inc's financial health accurately.