M/I Homes Inc (MHO)

Cash 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 and cash equivalents US$ in thousands 821,570 719,920 837,458 870,162 732,804 736,052 667,387 542,564 311,542 67,061 187,555 218,606 236,368 221,157 371,806 292,900 260,810 202,512 94,023 21,184
Short-term investments US$ in thousands — — 1,438 500 3,617 47 1,739 4,284 51,554 51,700 55,625 57,309 57,121 745 2,153 — 1,664 1,380 2,240 3,095
Total current liabilities US$ in thousands 198,579 256,708 596,444 556,417 482,549 250,937 264,656 208,426 228,597 296,326 329,384 281,387 244,505 227,311 221,909 198,216 185,669 176,581 169,088 150,256
Cash ratio 4.14 2.80 1.41 1.56 1.53 2.93 2.53 2.62 1.59 0.40 0.74 0.98 1.20 0.98 1.69 1.48 1.41 1.15 0.57 0.16

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($821,570K + $—K) ÷ $198,579K
= 4.14

The cash ratio of M/I Homes Inc has shown fluctuations over the period under review. Starting at 0.16 on March 31, 2020, it increased steadily to reach its peak at 4.14 on December 31, 2024. This indicates the company had a substantial amount of cash and cash equivalents relative to its current liabilities at the end of the period. However, it's worth noting that there were significant fluctuations throughout the period, suggesting changes in the company's cash position and liquidity management. It is important for investors and stakeholders to further investigate the reasons behind these fluctuations to assess the company's ability to meet its short-term obligations and manage its liquidity effectively.