PulteGroup Inc (PHM)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,613,330 | 1,397,660 | 1,392,900 | 1,719,560 | 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 |
| Short-term investments | US$ in thousands | 629,582 | 556,664 | 569,387 | 570,839 | 516,064 | 414,360 | 432,481 | 420,638 | 677,207 | 3,183 | 553,789 | 510,275 | 947,139 | 601,408 | 581,150 | 495,049 | 564,979 | 400,067 | 394,288 | 363,854 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 112,639 | 3,290,140 | 3,218,480 | 3,243,090 | 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 |
| Quick ratio | 19.91 | 0.59 | 0.61 | 0.71 | 19.82 | 0.76 | 0.75 | 0.57 | 19.76 | 0.07 | 0.46 | 0.52 | 31.17 | 0.78 | 0.86 | 0.88 | 37.24 | 1.18 | 0.99 | 1.01 |
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 fluctuations over the period from March 31, 2020, to December 31, 2024. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio of 1 or higher is considered healthy as it indicates the company can pay off its current liabilities using its quick assets.
From March 31, 2020, to September 30, 2020, PulteGroup Inc maintained a quick ratio above 1, indicating a strong ability to cover its short-term obligations. However, there was a significant spike in the ratio to 37.24 on December 31, 2020, which appears as an outlier and should be investigated further as it might not be a true reflection of the company's liquidity position.
Subsequently, the quick ratio declined sharply from March 31, 2021, to September 30, 2022, falling below 1, which suggests potential liquidity concerns or difficulties in meeting short-term obligations. The ratio fluctuated between 0.07 and 0.76 during this period, indicating varying levels of liquidity.
From December 31, 2022, to December 31, 2024, the quick ratio improved but remained below 1, with values ranging from 0.57 to 0.91. This suggests that PulteGroup Inc may still have challenges in covering its short-term liabilities with its quick assets, although the liquidity position showed some recovery compared to the previous years.
Overall, the trending quick ratio values indicate that PulteGroup Inc experienced some liquidity challenges during the period under review, with the need for a closer examination of the company's short-term liquidity management for better financial stability in the future.
Peer comparison
Dec 31, 2024