PulteGroup Inc (PHM)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,806,580 | 1,053,100 | 1,779,090 | 2,582,200 | 1,217,910 |
| Short-term investments | US$ in thousands | 516,064 | 677,207 | 947,139 | 564,979 | 508,967 |
| Receivables | US$ in thousands | — | — | — | — | 6,200 |
| Total current liabilities | US$ in thousands | 117,212 | 87,578 | 87,462 | 84,505 | 51,827 |
| Quick ratio | 19.82 | 19.76 | 31.17 | 37.24 | 33.44 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,806,580K
+ $516,064K
+ $—K)
÷ $117,212K
= 19.82
The quick ratio of PulteGroup Inc has fluctuated over the past five years. In 2023, the quick ratio was 0.84, indicating that the company may have difficulty covering its short-term liabilities with its most liquid assets. This is a slight improvement from the previous year, where the quick ratio was 0.63, suggesting a potential increase in the company's ability to meet its short-term obligations.
Compared to 2021 and 2019, where the quick ratios were 0.89 and 0.89 respectively, 2023's quick ratio is lower, indicating a potential decrease in the company's liquidity position. However, in 2020, the quick ratio was notably higher at 1.32, which suggests that the company had a stronger ability to cover its current liabilities with its quick assets at that time.
Overall, the fluctuation in PulteGroup Inc's quick ratio over the past five years highlights the importance of closely monitoring and managing the company's liquidity position to ensure its ability to meet short-term obligations.
Peer comparison
Dec 31, 2023