Century Communities Inc (CCS)

Debt-to-assets 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
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	4,139,360	3,949,390	3,856,650	3,712,980	3,773,770	3,880,060	3,772,740	3,495,500	3,496,880	3,210,870	2,894,250	2,951,680	2,845,090	2,591,360	2,551,780	2,910,440	2,499,970	2,489,560	2,410,370	2,323,060
Debt-to-assets ratio		0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 been relatively stable over the past eight quarters, ranging between 0.31 and 0.36. A decreasing trend can be observed from Q2 2022 to Q1 2023, indicating a reduction in the proportion of debt to total assets during that period. However, since then, the ratio has plateaued, hovering around 0.32 to 0.34 in the most recent quarters, suggesting a consistent level of debt relative to assets.

With a current ratio of around 0.32 to 0.34, Century Communities Inc appears to maintain a moderate level of leverage, implying that around 32% to 34% of the company's assets are financed through debt. This may indicate a balanced approach to capital structure, leveraging a mix of debt and equity to fund its operations and growth initiatives. Further analysis would be required to assess the overall financial health and risk profile of the company in conjunction with other financial metrics.