PulteGroup Inc (PHM)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,613,330 | 1,806,580 | 1,053,100 | 1,779,090 | 2,582,200 |
| Total current liabilities | US$ in thousands | 112,639 | 117,212 | 87,578 | 87,462 | 84,505 |
| Current ratio | 14.32 | 15.41 | 12.02 | 20.34 | 30.56 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,613,330K ÷ $112,639K
= 14.32
The current ratio of PulteGroup Inc has shown a declining trend over the past five years, from 30.56 in December 31, 2020, to 14.32 in December 31, 2024. This indicates that the company's current assets may not be sufficient to cover its current liabilities as effectively as in previous years. While a high current ratio is generally considered favorable as it suggests the company is more capable of meeting its short-term obligations, a declining current ratio could raise concerns about liquidity and the company's ability to pay off its short-term debts. PulteGroup Inc may need to closely monitor and manage its current assets and liabilities to ensure it maintains a healthy liquidity position in the future.
Peer comparison
Dec 31, 2024