Green Brick Partners Inc (GRBK)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 141,543 | 80,069 | 158,176 | 185,897 | 199,459 | 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 |
| Short-term investments | US$ in thousands | — | — | 36,557 | 34,701 | — | 80,210 | 81,800 | — | 74,224 | 69,250 | 64,077 | — | 55,616 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 59,746 | 278,721 | 244,159 | 219,408 | 195,150 | 212,730 | 199,966 | 195,849 | 189,592 | 246,933 | 248,130 | 229,496 | 170,905 | 182,960 | 166,886 | 145,308 | 67,062 | 102,313 | 68,113 | 62,824 |
| Quick ratio | 2.37 | 0.29 | 0.80 | 1.01 | 1.02 | 1.43 | 1.46 | 0.91 | 0.80 | 0.48 | 0.53 | 0.29 | 0.79 | 0.12 | 0.20 | 0.20 | 0.29 | 0.39 | 0.63 | 1.69 |
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 fluctuated over the past five years. The ratio stood at 1.69 on March 31, 2020, indicating strong short-term liquidity. However, there was a significant decrease in the quick ratio to 0.63 on June 30, 2020, and further declines in subsequent periods, reaching a low of 0.12 on September 30, 2021. This downward trend suggested a potential deterioration in the company's ability to cover its short-term obligations with its most liquid assets.
From December 31, 2021, to March 31, 2023, the quick ratio improved gradually, indicating an enhancement in the company's liquidity position. The ratio exceeded 1 from March 31, 2023, reflecting the company's strong ability to meet its short-term liabilities using its quick assets. The quick ratio remained above 1 until December 31, 2024, where it reached its highest point of 2.37. This signifies that Green Brick Partners Inc had more than enough liquid assets to cover its current liabilities comfortably.
Overall, the quick ratio of Green Brick Partners Inc has shown fluctuations over the years, with periods of both weakness and strength in short-term liquidity. The recent improvement and consistency in the quick ratio indicate a healthier financial position and better ability to meet short-term obligations.
Peer comparison
Dec 31, 2024