Century Communities Inc (CCS)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.88 | 1.76 | 1.70 | 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 |
Century Communities Inc has consistently maintained a strong solvency position, as evidenced by its low debt-to-assets ratio, which remained at 0.00 throughout the periods analyzed. This indicates that the company's assets are primarily financed through equity rather than debt.
Similarly, the debt-to-capital ratio and debt-to-equity ratio have also remained at 0.00 consistently, indicating a conservative capital structure with minimal reliance on debt financing.
The financial leverage ratio, which provides a broader measure of the company's financial risk, has been decreasing steadily over the periods analyzed. This downward trend suggests that Century Communities Inc is gradually reducing its reliance on debt to finance its operations, thereby improving its overall financial stability and creditworthiness.
Overall, based on the solvency ratios analyzed, Century Communities Inc appears to be in a solid financial position with a conservative debt structure and a decreasing financial leverage ratio, indicating effective management of its financial obligations and risks.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 228.88 | 108.32 | 69.19 | 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 |
Century Communities Inc's interest coverage ratio has experienced significant fluctuations over the years. As of March 31, 2020, the interest coverage ratio was very high at 659,891.33, indicating a strong ability to cover interest expenses. This high ratio continued to June 30, 2020, where it increased to 1,055,685.00, reflecting even better coverage of interest obligations.
However, the interest coverage ratio saw a substantial decline as of September 30, 2020, where it dropped significantly to 2,289,425.00. This sudden decrease could signal potential challenges in meeting interest payments. The ratio then became unavailable for the rest of 2020 and throughout 2021, which may suggest limited visibility or changes in the company's financial reporting.
In the following years, the interest coverage ratio continued to decrease significantly, reaching its lowest point of 10.90 as of September 30, 2023. This sharp decline raises concerns about the company's ability to comfortably meet its interest expenses during this period.
Subsequently, there was some improvement in the interest coverage ratio by December 31, 2023, and March 31, 2024, with values of 11.23 and 69.19, respectively. This upward trend indicates a slight recovery in the company's capability to cover interest payments.
Overall, the fluctuating trend in Century Communities Inc's interest coverage ratio highlights the importance of closely monitoring the company's financial performance and ensuring sustainable levels of profitability to meet its debt obligations.