Century Communities Inc (CCS)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
| Financial leverage ratio | 1.73 | 1.72 | 1.74 | 1.71 | 1.76 | 1.87 | 1.93 | 1.91 | 1.98 | 2.01 | 1.94 | 2.15 | 2.22 | 2.19 | 2.26 | 2.68 | 2.35 | 2.62 | 2.69 | 2.65 |
The solvency ratios of Century Communities Inc demonstrate the company's ability to meet its long-term financial obligations and manage its debt levels effectively.
The debt-to-assets ratio has been relatively stable around 0.31 to 0.32 over the past eight quarters, indicating that the company finances approximately 31% to 32% of its assets through debt. This suggests a moderate level of leverage with a significant portion of assets funded by equity.
The debt-to-capital ratio, reflecting the proportion of debt in the company's capital structure, has shown a similar trend, remaining constant at around 0.35 to 0.36. This suggests that approximately 35% to 36% of the company's capital comes from debt sources.
The debt-to-equity ratio has fluctuated between 0.53 to 0.57, indicating that Century Communities Inc has progressively reduced its reliance on debt financing in relation to equity. The decreasing trend is favorable as it signifies a lower risk exposure to debt-related financial obligations.
The financial leverage ratio has also shown a decline from 1.87 to 1.71 over the eight quarters, indicating that the company is becoming less reliant on debt to finance its operations. This improvement in financial leverage reflects a stronger equity base compared to debt, leading to a lower level of financial risk.
Overall, the stable debt-to-assets and debt-to-capital ratios coupled with decreasing trends in the debt-to-equity and financial leverage ratios indicate that Century Communities Inc has been managing its debt levels prudently and improving its solvency position over time.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 11.23 | 10.90 | 12.45 | 14.18 | 109.24 | 340.79 | 441.91 | 1,964.00 | — | — | — | — | — | 2,289,425.00 | 1,055,685.00 | 659,891.33 | 106,723.44 | 90,510.85 | 81,117.55 | 53,364.25 |
Unfortunately, without specific data on interest expenses and earnings before interest and taxes (EBIT), we are unable to calculate the interest coverage ratio for Century Communities Inc across the listed quarters. Interest coverage ratio is a measure of a company's ability to pay interest expenses on its outstanding debt using its operating income. It is calculated by dividing EBIT by interest expenses. Monitoring the trend of the interest coverage ratio over time is crucial for assessing a company's financial health and ability to meet its interest obligations. For a more in-depth analysis of Century Communities Inc's financial performance, access to the specific financial figures for the quarters mentioned would be required.