Century Communities Inc (CCS)

Quick ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash	US$ in thousands	226,150	296,724	316,310	394,001	55,436
Short-term investments	US$ in thousands	15,853	—	—	—	—
Receivables	US$ in thousands	—	494,884	494,117	2,434	2,602
Total current liabilities	US$ in thousands	239,298	197,626	331,876	259,050	367,469
Quick ratio		1.01	4.01	2.44	1.53	0.16

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($226,150K + $15,853K + $—K) ÷ $239,298K
= 1.01

The quick ratio of Century Communities Inc has shown fluctuating trends over the past five years as follows:
- In Dec 31, 2023, the quick ratio was 2.02, indicating that the company had $2.02 in liquid assets to cover each $1 of current liabilities. This suggests a strong ability to meet short-term obligations using liquid assets.
- In Dec 31, 2022, the quick ratio decreased to 1.85, indicating a slight decline in the company's ability to cover its short-term obligations with liquid assets compared to the previous year.
- The quick ratio increased to 2.21 in Dec 31, 2021, demonstrating an improvement in liquidity compared to the prior year.
- In Dec 31, 2020, the quick ratio was 1.97, showing a good ability to cover short-term liabilities with liquid assets.
- The quick ratio substantially increased to 1.05 in Dec 31, 2019, indicating a lower ability to meet short-term obligations from liquid assets compared to the subsequent years.

Overall, Century Communities Inc's quick ratio has shown fluctuations but generally indicates that the company has maintained a strong ability to meet its short-term liabilities with its available liquid assets, with the exception of a significant drop in 2019.