Century Communities Inc (CCS)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,386,940 | 2,150,220 | 1,764,510 | 1,280,700 | 1,061,700 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $2,386,940K)
= 0.00
The debt-to-capital ratio of Century Communities Inc has shown a decreasing trend over the past five years, indicating a gradual reduction in the proportion of debt in relation to the company's total capital.
In 2019, the debt-to-capital ratio was relatively high at 0.52, signifying that more than half of the company's capital was financed through debt. However, this ratio has steadily declined to 0.35 by the end of 2023, reflecting a more conservative capital structure with a lower reliance on debt financing.
The decreasing debt-to-capital ratio suggests that Century Communities Inc may have been actively managing its debt levels or improving its capital base over the years. A lower ratio typically indicates a healthier financial position with less financial risk and greater financial stability.
Overall, the trend of decreasing debt-to-capital ratio for Century Communities Inc is a positive indicator for investors and stakeholders, showing a prudent approach towards managing the company's capital structure and debt obligations.
Peer comparison
Dec 31, 2023