Dream Finders Homes Inc (DFH)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Cash | US$ in thousands | 274,384 | 494,145 | 364,531 | 227,227 |
| Short-term investments | US$ in thousands | — | 54,311 | 14,008 | 0 |
| Receivables | US$ in thousands | — | — | — | — |
| Total current liabilities | US$ in thousands | 991,503 | 531,584 | 968,448 | 760,000 |
| Quick ratio | 0.28 | 1.03 | 0.39 | 0.30 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($274,384K
+ $—K
+ $—K)
÷ $991,503K
= 0.28
The quick ratio of Dream Finders Homes Inc has shown fluctuations over the years as follows:
- As of December 31, 2021, the quick ratio was 0.30, indicating that the company had $0.30 in liquid assets available to cover each dollar of current liabilities.
- By December 31, 2022, the quick ratio improved to 0.39, suggesting a slight enhancement in the company's liquidity position.
- The quick ratio significantly improved to 1.03 as of December 31, 2023, representing a substantial increase in the availability of liquid assets to cover short-term obligations.
- However, by December 31, 2024, the quick ratio dropped to 0.28, indicating a potential decline in the company's ability to cover current liabilities with its quick assets.
Overall, the trend in Dream Finders Homes Inc's quick ratio shows variability in its liquidity position, with a notable improvement in 2023 but a slight decrease by the end of 2024. It is essential for the company to monitor and manage its liquidity effectively to ensure it can meet its short-term obligations promptly.
Peer comparison
Dec 31, 2024