KB Home (KBH)
Quick ratio
| Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 599,193 | 375,693 | 644,252 | 668,295 | 727,342 | 612,397 | 557,457 | 260,827 | 330,198 | 197,257 | 246,581 | 242,737 | 292,136 | 351,345 | 609,047 | 570,959 | 682,529 | 723,126 | 576,033 | 430,927 |
| Short-term investments | US$ in thousands | — | -19,743 | — | — | — | — | — | 51,188 | 46,785 | 25,966 | 27,222 | 12,415 | 16,317 | 11,151 | 12,492 | 11,197 | 10,978 | 10,298 | 14,243 | 9,446 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 43,300 | 43,300 | 44,304 |
| Total current liabilities | US$ in thousands | 384,894 | 842,256 | 1,051,090 | 1,038,990 | 810,860 | 1,055,420 | 1,028,670 | 1,028,410 | 1,149,500 | 1,205,700 | 1,199,930 | 1,116,260 | 1,128,730 | 1,048,800 | 982,679 | 929,651 | 940,869 | 862,350 | 783,261 | 858,539 |
| Quick ratio | 1.56 | 0.42 | 0.61 | 0.64 | 0.90 | 0.58 | 0.54 | 0.30 | 0.33 | 0.19 | 0.23 | 0.23 | 0.27 | 0.35 | 0.63 | 0.63 | 0.74 | 0.90 | 0.81 | 0.56 |
November 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($599,193K
+ $—K
+ $—K)
÷ $384,894K
= 1.56
The quick ratio, also known as the acid-test ratio, is a financial metric used to assess a company's short-term liquidity position by measuring its ability to meet its short-term obligations with its most liquid assets. A quick ratio of 1 or higher is generally considered healthy as it indicates that the company can fully cover its current liabilities with its quick assets.
Based on the data provided for KB Home over multiple reporting periods, we observe fluctuations in the quick ratio. The quick ratio for KB Home ranged from a low of 0.19 on August 31, 2022, to a high of 1.56 on November 30, 2024, indicating variability in the company's ability to cover its short-term obligations with its liquid assets.
It is important to note that a quick ratio below 1 may suggest potential liquidity challenges for KB Home, as it may not have enough quick assets to cover its current liabilities. A declining trend in the quick ratio over time may raise concerns about the company's liquidity position and its ability to meet its short-term financial obligations.
Overall, a comprehensive analysis of KB Home's quick ratio trends across various reporting periods can provide valuable insights into the company's liquidity management and financial health, helping investors and stakeholders make informed decisions.
Peer comparison
Nov 30, 2024