Green Brick Partners Inc (GRBK)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 141,543 | 199,459 | 76,588 | 78,696 | 19,479 |
| Short-term investments | US$ in thousands | — | — | 74,224 | 55,616 | — |
| Total current liabilities | US$ in thousands | 59,746 | 195,150 | 189,592 | 170,905 | 67,062 |
| Cash ratio | 2.37 | 1.02 | 0.80 | 0.79 | 0.29 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($141,543K
+ $—K)
÷ $59,746K
= 2.37
The cash ratio of Green Brick Partners Inc has shown a significant improvement over the years. Starting at a relatively low level of 0.29 on December 31, 2020, the ratio has steadily increased to 0.79 on December 31, 2021, further improving to 0.80 on December 31, 2022. By December 31, 2023, the cash ratio surpassed 1.00, reaching 1.02, indicating that the company's cash reserves were more than its current liabilities. The most substantial increase occurred by December 31, 2024 when the cash ratio surged to 2.37, reflecting a significant improvement in the company's liquidity position. This upward trend in the cash ratio suggests that Green Brick Partners Inc has been able to build a robust cash position relative to its short-term obligations, which could be beneficial for its financial stability and ability to meet its immediate liabilities.
Peer comparison
Dec 31, 2024