Century Communities Inc (CCS)

Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $2,386,940K
= 0.00

The debt-to-equity ratio of Century Communities Inc has been relatively stable over the past eight quarters. The ratio fluctuated between 0.53 to 0.57, indicating that the company has maintained a moderate level of debt compared to its equity during this period. Generally, a lower debt-to-equity ratio suggests less financial risk and a stronger financial position, while a higher ratio may imply higher risk and potential financial instability.

In this case, the company's debt-to-equity ratio has stayed within a reasonable range, indicating that Century Communities Inc has been able to manage its debt levels effectively and maintain a balanced capital structure. The slight variations in the ratio over the quarters could be due to changes in the company's capital structure, business operations, or financial strategy. Overall, based on the historical data provided, Century Communities Inc appears to have a reasonable and consistent debt-to-equity ratio.