Green Brick Partners Inc (GRBK)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 179,756 | 223,453 | 209,595 | 177,271 | 76,588 | 48,203 | 66,765 | 66,083 | 77,166 | 21,561 | 33,517 | 28,688 | 19,479 | 40,269 | 43,162 | 105,860 | 33,269 | 35,123 | 34,383 | 23,873 |
| Short-term investments | US$ in thousands | — | 80,210 | 81,800 | — | 74,224 | 69,250 | 64,077 | — | 1,530 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.92 | 1.43 | 131.61 | 72.27 | 8.67 | 2.74 | 3.77 | 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($179,756K
+ $—K
+ $—K)
÷ $195,150K
= 0.92
The quick ratio of Green Brick Partners Inc has shown fluctuations over the past eight quarters. The quick ratio measures the company's ability to meet short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
In Q4 2023, the quick ratio of 0.93 indicates that the company may have slightly insufficient liquid assets to cover its immediate obligations. This was an improvement from the previous quarter where the quick ratio was 1.03, signaling better liquidity position.
Comparing Q4 2023 to the same quarter in the previous year, there has been significant progress as the quick ratio has increased from 0.40 to 0.93. This suggests that the company has strengthened its liquidity position and may be in a better position to meet short-term obligations.
Overall, while the recent quick ratio of Green Brick Partners Inc has not consistently exceeded 1, the upward trend observed over the past year indicates an improving liquidity position, which could be a positive indicator for the company's financial health and ability to manage its short-term liabilities.
Peer comparison
Dec 31, 2023