DR Horton Inc (DHI)

Current ratio

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Total current assets	US$ in thousands	6,373,600	4,930,500	5,240,400	4,548,500	2,594,300
Total current liabilities	US$ in thousands	69,200	60,100	51,000	44,100	40,100
Current ratio		92.10	82.04	102.75	103.14	64.70

September 30, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $6,373,600K ÷ $69,200K
= 92.10

The current ratio for D.R. Horton Inc. has shown some fluctuation over the past five years. The ratio indicates the company's ability to meet its short-term obligations with its current assets. In 2023, the current ratio increased to 4.99 from 4.58 in 2022, suggesting an improvement in the company's short-term liquidity. However, it is essential to note that the current ratio was highest in 2019 at 5.06 and has since been gradually decreasing. This trend may indicate a potential decrease in the company's ability to cover its short-term liabilities with its current assets. Overall, while the current ratio of D.R. Horton Inc. remains at a healthy level, the fluctuation over the years may warrant further investigation into the composition and management of the company's current assets and liabilities.