Green Brick Partners Inc (GRBK)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 141,543 | 199,459 | 76,588 | 78,696 | 19,479 |
| Short-term investments | US$ in thousands | — | — | 74,224 | 55,616 | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 59,746 | 195,150 | 189,592 | 170,905 | 67,062 |
| Quick ratio | 2.37 | 1.02 | 0.80 | 0.79 | 0.29 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($141,543K
+ $—K
+ $—K)
÷ $59,746K
= 2.37
The quick ratio of Green Brick Partners Inc has shown a significant improvement over the years, indicating a strengthening liquidity position. Starting at a low of 0.29 on December 31, 2020, the ratio has consistently increased to reach 2.37 by December 31, 2024. This upward trend suggests that the company has enhanced its ability to cover its short-term liabilities with its most liquid assets. By the end of 2024, Green Brick Partners Inc appears to have a solid ability to meet its immediate financial obligations, reflecting a positive financial health in terms of liquidity.
Peer comparison
Dec 31, 2024