Century Communities Inc (CCS)
Solvency ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.73 | 1.73 | 1.76 | 1.98 | 2.22 |
Century Communities Inc has consistently maintained a strong solvency position based on the analysis of several key ratios. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been reported as 0.00% for the years 2020 to 2024. This indicates that the company has no debt relative to its total assets, capital, or equity during this period, reflecting a healthy financial structure with minimal financial risk.
Furthermore, the Financial leverage ratio has shown a decreasing trend from 2.22 in 2020 to 1.73 in 2024. This signifies that the company's reliance on debt has been decreasing over time, resulting in a lower financial risk and improved financial stability. Overall, Century Communities Inc's solvency ratios demonstrate a robust financial position and effective management of its capital structure, positioning the company well for future growth and financial stability.
Coverage ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Interest coverage | 6.58 | 7.04 | 12.08 | 11.83 | 5.05 |
Century Communities Inc's interest coverage has displayed a positive trend over the years, indicating the company's ability to meet its interest obligations comfortably. In 2020, the interest coverage ratio stood at 5.05, suggesting that the company generated 5.05 times the amount needed to cover its interest expenses.
This ratio improved significantly in subsequent years. By December 31, 2021, the interest coverage ratio had jumped to 11.83, signaling a substantial increase in the company's ability to service its interest payments. The trend continued into 2022 and 2023, with interest coverage ratios of 12.08 and 7.04, respectively, indicating a continued strong performance in meeting interest obligations.
However, there was a slight decline in the interest coverage ratio by December 31, 2024, to 6.58, which, while still at a reasonable level, suggests a potential decrease in the company's ability to cover interest expenses compared to the previous years.
Overall, Century Communities Inc's interest coverage has shown a generally positive trajectory, with occasional fluctuations, indicating a sound financial position with the ability to efficiently manage its interest obligations.