NVR Inc (NVR)

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	5,837,880	5,909,300	4,808,860	5,038,790	5,194,590	5,333,440	5,243,660	5,066,690	4,700,190	4,336,020	4,307,080	4,756,660	4,904,830	4,921,360	5,007,090	5,000,880	2,809,780	4,717,780	3,976,270	3,091,660
Total current liabilities	US$ in thousands	1,150,430	1,202,090	1,260,030	1,185,130	1,222,730	826,935	727,788	881,445	832,646	1,299,270	853,818	957,705	823,814	796,206	850,016	873,065	843,258	776,075	685,867	641,355
Current ratio		5.07	4.92	3.82	4.25	4.25	6.45	7.20	5.75	5.64	3.34	5.04	4.97	5.95	6.18	5.89	5.73	3.33	6.08	5.80	4.82

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,837,880K ÷ $1,150,430K
= 5.07

The current ratio of NVR Inc has experienced fluctuations over the period of analysis. Starting at a high of 6.08 on September 30, 2020, the ratio decreased to 3.33 by the end of December 31, 2020. However, the company quickly recovered, reaching a ratio of 5.73 on March 31, 2021, and maintaining relatively stable levels above 5 in subsequent quarters.

There was a notable increase to 7.20 on June 30, 2023, indicating strong short-term liquidity, but the ratio declined to 3.82 on June 30, 2024, showing a potential concern for liquidity. The ratio slightly improved to 4.92 on September 30, 2024, but remained below the levels seen in the earlier periods.

Overall, the current ratio of NVR Inc has displayed variability, with periods of both strength and potential weakness in short-term liquidity. Investors and stakeholders should continue to monitor the company's liquidity position to assess its ability to meet short-term obligations.