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.