Green Brick Partners Inc (GRBK)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 179,756 | 76,588 | 78,696 | 19,479 | 33,269 |
| Total current liabilities | US$ in thousands | 195,150 | 17,395 | 738 | 106,687 | 164,642 |
| Current ratio | 0.92 | 4.40 | 106.63 | 0.18 | 0.20 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $179,756K ÷ $195,150K
= 0.92
The current ratio of Green Brick Partners Inc has shown a positive trend over the past five years, increasing from 3.18 in 2019 to 8.52 in 2023. This indicates that the company's current assets are substantially higher than its current liabilities, providing a strong cushion to cover short-term obligations. The steady improvement in the current ratio reflects a healthy liquidity position and a lower risk of financial distress. Green Brick Partners Inc seems to have efficiently managed its current assets and liabilities, ensuring a robust financial position to meet its short-term obligations.
Peer comparison
Dec 31, 2023