Dream Finders Homes Inc (DFH)
Current ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,054,640 | 1,946,850 | 1,763,970 | 1,745,910 | 1,564,300 | 1,504,800 | 1,405,260 | 1,539,640 | 1,494,030 | 1,338,300 | 1,212,220 | 1,293,890 | 752,031 | 637,149 | 592,678 |
| Total current liabilities | US$ in thousands | 1,161,380 | 890,876 | 710,288 | 531,584 | 555,512 | 875,672 | 915,992 | 968,448 | 975,000 | 875,000 | 770,000 | 760,000 | 440,000 | 365,000 | 320,000 |
| Current ratio | 1.77 | 2.19 | 2.48 | 3.28 | 2.82 | 1.72 | 1.53 | 1.59 | 1.53 | 1.53 | 1.57 | 1.70 | 1.71 | 1.75 | 1.85 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,054,640K ÷ $1,161,380K
= 1.77
The current ratio of Dream Finders Homes Inc has exhibited fluctuating trends over the past several quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio typically indicates a stronger liquidity position.
Looking at the data provided, we can see that the current ratio has ranged from a low of 1.53 to a high of 3.28 over the past 15 quarters. The current ratio peaked at 3.28 in December 2023, indicating a significant increase in liquidity and the company's ability to meet short-term obligations with its current assets.
However, the current ratio has shown some volatility, with fluctuations observed in subsequent quarters. For instance, there was a decrease in the current ratio to 1.53 in September 2022, indicating potential challenges in covering short-term liabilities with current assets.
Overall, the current ratio of Dream Finders Homes Inc has shown variability over time, with some quarters demonstrating strong liquidity positions while others indicating potential liquidity challenges. It would be advisable for stakeholders to closely monitor the company's current ratio to assess its ability to manage short-term financial obligations effectively.
Peer comparison
Sep 30, 2024