M/I Homes Inc (MHO)
Quick 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 | 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 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($821,570K
+ $—K
+ $—K)
÷ $198,579K
= 4.14
The quick ratio of M/I Homes Inc has shown fluctuations over the periods analyzed. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
From March 31, 2020, to June 30, 2020, the quick ratio increased from 0.16 to 0.57, indicating an improvement in the company's short-term liquidity position. Subsequently, the quick ratio steadily increased to reach its peak at 4.14 on December 31, 2024. This significant increase suggests that the company had a substantial amount of liquid assets available to cover its current liabilities.
It is worth noting that the quick ratio fluctuated between periods, with some quarters showing a decrease in the ratio. For example, the quick ratio decreased from 2.93 on September 30, 2023, to 1.53 on December 31, 2023, before increasing again in the following quarters.
Overall, the trend in M/I Homes Inc's quick ratio indicates fluctuations in its short-term liquidity position, with periods of both improvement and decline. Monitoring these fluctuations is essential for assessing the company's ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024