PulteGroup Inc (PHM)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,613,330 | 1,806,580 | 1,053,100 | 1,779,090 | 2,582,200 |
| Short-term investments | US$ in thousands | 629,582 | 516,064 | 677,207 | 947,139 | 564,979 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 112,639 | 117,212 | 87,578 | 87,462 | 84,505 |
| Quick ratio | 19.91 | 19.82 | 19.76 | 31.17 | 37.24 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,613,330K
+ $629,582K
+ $—K)
÷ $112,639K
= 19.91
The quick ratio of PulteGroup Inc has shown a declining trend over the years, decreasing from 37.24 in December 2020 to 19.91 in December 2024. This indicates that the company's ability to cover its short-term liabilities with its most liquid assets has weakened. Although the quick ratio is still above 1, suggesting that the company has an adequate level of liquid assets to meet its short-term obligations, the decreasing trend raises concerns about its liquidity position. It is recommended for stakeholders to closely monitor the company's liquidity management and explore ways to improve its quick ratio to ensure its short-term financial health and stability.
Peer comparison
Dec 31, 2024