Century Communities Inc (CCS)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	494,884	—	—	494,310	494,117	—	2,380	2,407	2,434	2,460	2,486	2,571
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
Quick ratio		0.64	0.60	0.54	0.71	1.06	1.37	1.98	2.89	4.01	0.50	0.37	3.64	2.44	2.32	2.64	1.77	1.53	0.86	0.54	0.57

December 31, 2024 calculation

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

The quick ratio of Century Communities Inc has shown fluctuations over the analyzed period. Starting at a low of 0.57 on March 31, 2020, the ratio improved gradually, reaching a peak of 4.01 on December 31, 2022. This indicates the company's ability to meet its short-term liabilities with its most liquid assets.

However, the quick ratio dropped significantly to 0.37 on June 30, 2022, before recovering to 2.89 on March 31, 2023. Subsequently, the ratio fluctuated around the 1 to 2 range, showing a varying ability to cover its current obligations without relying on inventory.

As of December 31, 2024, the quick ratio stood at 0.64. Overall, the company's quick ratio has demonstrated volatility, suggesting fluctuations in its liquidity position and the need for close monitoring of its ability to meet short-term financial obligations.