Century Communities Inc (CCS)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 4,139,360 | 3,773,770 | 3,496,880 | 2,845,090 | 2,499,970 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,139,360K
= 0.00
Century Communities Inc's debt-to-assets ratio has shown a decreasing trend over the past five years, indicating improved financial health and lower financial risk. The ratio decreased from 0.46 in 2019 to 0.31 in 2023. This suggests that the company has been effectively managing its debt relative to its total assets.
A decreasing debt-to-assets ratio signifies that the company has reduced its reliance on debt financing compared to its total assets. This could indicate improved financial stability and a stronger ability to cover its debt obligations with its asset base. Lower ratios also imply lower financial risk and better solvency for the company.
The decreasing trend in the debt-to-assets ratio could signal that Century Communities Inc has been focusing on debt reduction or increasing its asset base, both of which are positive indicators for investors and creditors. Overall, the declining trend in the debt-to-assets ratio reflects positively on the company's financial position and its ability to manage debt efficiently over the years.
Peer comparison
Dec 31, 2023