DR Horton Inc (DHI)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 4,516,400 | 2,992,300 | 3,063,100 | 3,323,400 | 3,873,600 | 3,379,100 | 3,051,100 | 2,591,100 | 2,540,500 | 1,655,700 | 1,663,900 | 2,442,100 | 3,210,400 | 1,942,700 | 2,205,200 | 2,454,900 | 3,018,500 | 2,353,500 | 1,522,800 | 1,583,300 |
| Short-term investments | US$ in thousands | — | — | — | 1,749,700 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 58.20 | 53.24 | 65.73 | 102.49 | 55.98 | 69.96 | 87.42 | 68.19 | 42.27 | 38.87 | 53.85 | 75.84 | 62.95 | 51.39 | 81.67 | 75.30 | 68.45 | 77.93 | 63.98 | 56.35 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($4,516,400K
+ $—K
+ $—K)
÷ $77,600K
= 58.20
The quick ratio of DR Horton Inc has shown fluctuations over the past few quarters. The quick ratio indicates the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio is generally considered favorable as it suggests the company has an adequate level of liquid assets to cover its current liabilities.
Looking at the data provided, the quick ratio for DR Horton Inc has varied between 38.87 and 102.49 over the period from December 2019 to September 2024. The highest quick ratio was recorded in December 2023 at 102.49, indicating a strong ability to cover current liabilities with liquid assets. On the other hand, the lowest quick ratio was observed in September 2022 at 38.87, which may raise concerns about the company's liquidity position.
It is important to note that a quick ratio significantly above 1.0 may imply that the company has excess liquidity that could potentially be invested in profitable opportunities. Conversely, a quick ratio below 1.0 may signal potential liquidity issues and the need to improve the management of current assets and liabilities.
Overall, while the quick ratio of DR Horton Inc has shown fluctuations, it is crucial to monitor trends over time to assess the company's liquidity position and ability to meet its short-term obligations effectively.
Peer comparison
Sep 30, 2024