M/I Homes Inc (MHO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,196,970 | 3,706,280 | 3,382,680 | 2,964,460 | 2,411,710 |
| Total current liabilities | US$ in thousands | 198,579 | 289,806 | 228,597 | 244,505 | 185,669 |
| Current ratio | 21.14 | 12.79 | 14.80 | 12.12 | 12.99 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,196,970K ÷ $198,579K
= 21.14
The current ratio of M/I Homes Inc has shown a generally positive trend over the five-year period from December 31, 2020, to December 31, 2024. The ratio has consistently remained well above 1, indicating a healthy liquidity position for the company.
Specifically, the current ratio was 12.99 on December 31, 2020, which increased to 14.80 by December 31, 2022, before slightly declining to 12.79 on December 31, 2023. The ratio then significantly improved to 21.14 by December 31, 2024.
This upward trend in the current ratio suggests that M/I Homes Inc has been effectively managing its current assets and liabilities to ensure there are sufficient liquid assets available to cover short-term obligations. Overall, a current ratio consistently above 1 indicates a strong ability to meet current liabilities, which is a positive indicator of financial health and stability for the company.
Peer comparison
Dec 31, 2024