NVR Inc (NVR)
Debt-to-assets ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 6,601,760 | 6,372,260 | 6,266,780 | 6,075,900 | 5,660,970 | 5,389,530 | 5,287,700 | 5,726,210 | 5,834,480 | 5,788,890 | 5,854,440 | 5,820,810 | 5,777,140 | 5,499,920 | 4,730,020 | 3,887,520 | 3,809,820 | 3,843,360 | 3,603,240 | 3,362,770 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,601,760K
= 0.00
The debt-to-assets ratio of NVR Inc. has been relatively stable over the past eight quarters, ranging from 0.14 to 0.26. This ratio measures the proportion of the company's assets financed by debt. A lower debt-to-assets ratio indicates a lower level of financial risk and potential insolvency, as it suggests that the company relies less on debt to fund its operations and investments.
The decreasing trend in the debt-to-assets ratio from 0.26 in Q1 2022 to 0.14 in Q4 2023 indicates that NVR Inc. has been reducing its reliance on debt to finance its assets. This may be perceived positively by investors and creditors as it signifies improved financial stability and lower risk of default.
Overall, the debt-to-assets ratio analysis suggests that NVR Inc. has been managing its debt levels prudently, maintaining a healthy balance between debt and assets over the examined period.
Peer comparison
Dec 31, 2023