M/I Homes Inc (MHO)

Current 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
Total current assets	US$ in thousands	4,196,970	4,095,430	4,003,180	3,879,370	3,706,280	3,683,960	3,546,150	3,426,600	3,382,680	3,267,820	3,199,470	3,001,610	2,964,460	2,790,160	2,621,040	2,470,960	2,411,710	2,185,970	2,088,370	1,999,920
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
Current ratio		21.14	15.95	6.71	6.97	7.68	14.68	13.40	16.44	14.80	11.03	9.71	10.67	12.12	12.27	11.81	12.47	12.99	12.38	12.35	13.31

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 fluctuations over the provided time period, ranging from 6.71 to 21.14. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio is generally seen as favorable, indicating strong liquidity and the ability to cover short-term liabilities comfortably.

In the early periods, from March 31, 2020, to March 31, 2022, the current ratio remained relatively high, indicating a strong ability to meet short-term obligations. However, from June 30, 2022, to December 31, 2024, the current ratio declined significantly, reaching its lowest point at 6.71 on March 31, 2024.

The current ratio then experienced a notable increase, reaching its peak at 21.14 on December 31, 2024. Such a high current ratio suggests an excess of current assets relative to current liabilities, potentially indicating underutilized resources or inefficient asset management.

Overall, the fluctuations in M/I Homes Inc's current ratio over the analyzed period may imply varying levels of liquidity and efficiency in managing short-term obligations. Further examination of the company's financial position and operating activities would be necessary to fully assess the implications of these changes in the current ratio.