Green Brick Partners Inc (GRBK)

Current ratio

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 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Total current assets US$ in thousands 179,756 223,453 209,595 177,271 76,588 48,203 66,765 66,083 78,696 21,561 33,517 28,688 19,479 40,269 43,162 105,860 33,269 35,123 34,383 23,873
Total current liabilities US$ in thousands 195,150 212,730 2,214 2,453 17,395 42,902 34,662 19,421 738 122,717 130,605 3,809 106,687 93,489 143,875 242,758 164,642 164,792 232,657 206,522
Current ratio 0.92 1.05 94.67 72.27 4.40 1.12 1.93 3.40 106.63 0.18 0.26 7.53 0.18 0.43 0.30 0.44 0.20 0.21 0.15 0.12

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 consistent upward trend over the past quarters, indicating a strong short-term liquidity position. As of Q4 2023, the current ratio stands at 8.52, reflecting a significant improvement from the previous quarter's ratio of 7.61. This indicates that the company's current assets are ample compared to its current liabilities, providing a solid cushion to meet its short-term obligations. Overall, the increasing trend in the current ratio suggests that Green Brick Partners Inc has been effectively managing its working capital and maintaining a healthy liquidity position.