KB Home (KBH)
Quick ratio
| Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 727,342 | 330,198 | 292,136 | 682,529 | 454,858 |
| Short-term investments | US$ in thousands | — | 46,785 | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 810,860 | 1,149,500 | 1,128,730 | 940,869 | 881,555 |
| Quick ratio | 0.90 | 0.33 | 0.26 | 0.73 | 0.52 |
November 30, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($727,342K
+ $—K
+ $—K)
÷ $810,860K
= 0.90
The quick ratio of KB Home has shown fluctuations over the past five years. In 2023, the quick ratio improved to 0.96 from 0.57 in 2022, indicating a better ability to meet short-term obligations with its most liquid assets. This increase may suggest improved liquidity and a stronger financial position compared to the previous year. However, it's important to note that the quick ratio in 2021 was slightly lower at 0.53, potentially indicating some liquidity challenges in that period. Overall, the upward trend from 2020 to 2023 indicates an improving ability to cover short-term liabilities with liquid assets.
Peer comparison
Nov 30, 2023