NVR Inc (NVR)
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 | 2,664,670 | 2,568,670 | 2,528,950 | 2,924,790 | 3,215,440 | 2,969,990 | 2,758,060 | 2,858,590 | 2,574,520 | 1,821,360 | 1,563,960 | 2,227,090 | 2,636,980 | 2,748,060 | 2,664,830 | 2,814,520 | 2,809,780 | 2,592,480 | 2,028,000 | 1,118,270 |
| Short-term investments | US$ in thousands | — | -107,514 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 2.32 | 2.05 | 2.01 | 2.47 | 2.63 | 3.59 | 3.79 | 3.24 | 3.09 | 1.40 | 1.83 | 2.33 | 3.20 | 3.45 | 3.14 | 3.22 | 3.33 | 3.34 | 2.96 | 1.74 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($2,664,670K
+ $—K
+ $—K)
÷ $1,150,430K
= 2.32
NVR Inc's quick ratio has fluctuated over the periods provided in the data. The quick ratio, a measure of a company's ability to meet its short-term obligations with its most liquid assets, was at a healthy level of 1.74 as of March 31, 2020. It then improved significantly to 3.45 as of September 30, 2021, indicating the company had more than enough liquid assets to cover its current liabilities.
However, the quick ratio decreased to 1.40 as of September 30, 2022, and continued to decline to 1.05 as of December 31, 2022, raising concerns about the company's short-term liquidity position. The quick ratio then improved to 3.79 as of June 30, 2023, signaling a strong ability to meet short-term obligations once again.
Overall, NVR Inc's quick ratio has shown volatility, with fluctuations indicating changes in the company's liquidity position over time. It is important for investors and analysts to closely monitor these fluctuations to assess the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2024