DR Horton Inc (DHI)

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	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	7,016,400	5,592,300	5,735,500	5,323,400	6,373,600	5,789,100	5,175,100	4,371,100	4,930,500	3,738,200	3,903,900	4,272,100	5,240,400	3,582,700	3,965,200	3,893,800	4,548,500	3,853,500	2,902,200	2,608,400
Total current liabilities	US$ in thousands	77,600	56,200	46,600	49,500	69,200	48,300	34,900	38,000	60,100	42,600	30,900	32,200	51,000	37,800	27,000	32,600	44,100	30,200	23,800	28,100
Current ratio		90.42	99.51	123.08	107.54	92.10	119.86	148.28	115.03	82.04	87.75	126.34	132.67	102.75	94.78	146.86	119.44	103.14	127.60	121.94	92.83

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $7,016,400K ÷ $77,600K
= 90.42

DR Horton Inc's current ratio has shown fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.

The current ratio for DR Horton Inc has been relatively high, indicating a strong ability to meet its short-term obligations. In the most recent quarter, the current ratio was 90.42, which decreased from the previous quarter's ratio of 99.51. However, it is important to note that the current ratio remains well above 1, which suggests that DR Horton Inc has more than enough current assets to cover its current liabilities.

Looking at the trend over the past few quarters, the current ratio has shown some volatility but has generally been at healthy levels. It peaked at 148.28 in the first quarter of 2023 and has since fluctuated around the 100 mark. This variability may be attributed to seasonal fluctuations in the company's business operations.

Overall, based on the current ratio trend, DR Horton Inc appears to have a strong liquidity position, indicating the ability to meet its short-term financial obligations with ease.