Dream Finders Homes Inc (DFH)

Quick 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
Cash	US$ in thousands	204,906	274,797	239,428	494,145	330,129	292,510	266,569	364,531	123,692	84,097	100,140	227,227	90,211	34,009	69,565
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	14,008	11,440	14,188	14,480	0	—	—	—
Receivables	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Quick ratio		0.18	0.31	0.34	0.93	0.59	0.33	0.29	0.39	0.14	0.11	0.15	0.30	0.21	0.09	0.22

September 30, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($204,906K + $—K + $—K) ÷ $1,161,380K
= 0.18

The quick ratio of Dream Finders Homes Inc has shown fluctuations over the periods analyzed. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations using its most liquid assets. The quick ratio ranged from 0.09 to 0.93 over the past 15 quarters.

In the most recent quarter, as of September 30, 2024, the quick ratio was 0.18, which indicates that Dream Finders Homes Inc may have a relatively low ability to cover its current liabilities with its most liquid assets. This suggests that the company may have financial challenges in meeting its short-term obligations.

It is important to note that the quick ratio is only one aspect of a company's financial health, and it should be considered alongside other financial metrics and qualitative factors to gain a comprehensive understanding of Dream Finders Homes Inc's liquidity position.