Century Communities Inc (CCS)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 2,386,940 | 2,292,660 | 2,221,920 | 2,171,640 | 2,150,220 | 2,072,000 | 1,951,160 | 1,829,860 | 1,764,510 | 1,601,020 | 1,488,660 | 1,373,170 | 1,280,700 | 1,184,960 | 1,129,490 | 1,084,530 | 1,061,700 | 951,179 | 897,229 | 875,406 |
| Debt-to-capital 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-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 been relatively stable over the past eight quarters, ranging from 0.35 to 0.41. This indicates that the company's level of debt in relation to its total capitalization has remained consistent during this period. The lower debt-to-capital ratio suggests that the company relies more on equity financing rather than debt financing to fund its operations and growth. However, it is important to note that even though the ratio has been relatively stable, higher ratios in Q2 and Q3 of 2022 may indicate increased debt relative to capital during that period. Overall, Century Communities Inc appears to have a reasonable balance between debt and equity in its capital structure based on the trend observed in the debt-to-capital ratio.
Peer comparison
Dec 31, 2023