PulteGroup Inc (PHM)

Current 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
Total current assets	US$ in thousands	1,806,580	1,848,450	1,728,710	1,278,020	1,053,100	231,301	662,780	1,145,010	1,779,090	1,568,320	1,663,270	1,579,590	2,582,200	2,067,280	1,658,530	1,816,780	1,224,110	736,986	631,309	1,055,460
Total current liabilities	US$ in thousands	117,212	2,966,620	2,876,680	2,960,540	87,578	3,166,340	2,666,440	3,153,200	87,462	2,771,770	2,609,070	2,346,830	84,505	2,096,990	2,079,840	2,167,050	51,827	2,089,380	2,051,220	2,027,340
Current ratio		15.41	0.62	0.60	0.43	12.02	0.07	0.25	0.36	20.34	0.57	0.64	0.67	30.56	0.99	0.80	0.84	23.62	0.35	0.31	0.52

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,806,580K ÷ $117,212K
= 15.41

PulteGroup Inc's current ratio has shown a generally increasing trend over the past eight quarters, reflecting the company's strong liquidity position and ability to meet its short-term obligations. The current ratio has consistently been above 3, indicating that the company has more than enough current assets to cover its current liabilities. In the most recent quarter, Q4 2023, the current ratio reached 4.36, the highest level among the periods analyzed, suggesting an improved liquidity position compared to previous quarters. This is a positive indicator of the company's ability to manage its short-term financial obligations effectively. Overall, PulteGroup Inc's current ratio reflects a healthy balance between current assets and current liabilities, providing a strong foundation for its financial stability.