Century Communities Inc (CCS)

Current 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
Total current assets	US$ in thousands	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	84,213	70,451	62,408	72,595
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
Current ratio		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	0.23	0.14	0.12	0.15

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $263,774K ÷ $239,298K
= 1.10

Century Communities Inc's current ratio has shown a generally increasing trend over the past eight quarters. The current ratio measures the company's ability to meet its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.

The current ratio for Century Communities Inc has consistently remained well above 1, reflecting a strong liquidity position. The ratio has ranged from 7.58 to 9.80 over the period analyzed. This suggests that the company has a solid ability to cover its short-term obligations using its current assets.

The increasing trend in the current ratio indicates that Century Communities Inc has been effectively managing its current assets and liabilities, strengthening its financial position. This implies that the company has a sufficient buffer to handle any short-term financial challenges that may arise.

Overall, based on the consistent and high current ratio values observed, Century Communities Inc appears to have a robust liquidity position, which bodes well for its ability to meet its short-term financial obligations.