PulteGroup Inc (PHM)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.43 | 1.47 | 1.47 | 1.53 | 1.55 | 1.57 | 1.57 | 1.60 | 1.66 | 1.74 | 1.77 | 1.78 | 1.78 | 1.76 | 1.74 | 1.71 | 1.86 | 1.82 | 1.87 | 2.07 |
PulteGroup Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity over the reported periods from March 2020 to December 2024.
The Debt-to-assets ratio remained at 0.00 throughout the period, suggesting that the company's total debt has not posed a significant risk to its assets.
Similarly, the Debt-to-capital ratio and Debt-to-equity ratio also stayed at 0.00 consistently over the same period, highlighting the minimal reliance on debt in financing the company's operations.
The Financial leverage ratio, which measures the company's total assets relative to its equity, decreased steadily from 2.07 in March 2020 to 1.43 in December 2024. This downward trend indicates a decreasing reliance on debt financing and a strengthening equity position over time.
Overall, PulteGroup Inc's solvency ratios reflect a prudent financial management strategy with a conservative debt structure, strengthening its ability to meet financial obligations and operate with stability in the long term.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 33,889.31 | 7,059.54 | 7,830.30 | 7,581.27 | 7,355.51 | 8,835.36 | 10,084.96 | 11,613.41 | 12,112.11 | 9,462.21 | 7,719.60 | 5,982.69 | 4,990.75 | 3,547.71 | 2,820.67 | 519.40 | 407.94 | 394.59 | 373.25 | 1,121.97 |
The interest coverage ratio of PulteGroup Inc has shown fluctuations over the quarters. The ratio was extremely high at 1,121.97 for March 31, 2020, indicating that the company's earnings were significantly more than its interest expense, providing a strong buffer to meet its interest obligations.
However, there was a decline in the interest coverage ratio over the next few quarters, dropping to 373.25 for June 30, 2020, and subsequently improving to 407.94 for December 31, 2020. This fluctuation suggests there may have been changes in the company's operating income and interest expenses during this period.
The interest coverage ratio continued to increase reaching its peak at 33,889.31 for December 31, 2024. Such a high ratio indicates that PulteGroup Inc's earnings were substantially higher than its interest expenses, reflecting a strong ability to meet interest payments comfortably.
It is essential for stakeholders to closely monitor PulteGroup Inc's interest coverage ratio as it indicates the company's ability to service its debt commitments. An increasing trend in the interest coverage ratio signifies improved financial health and reduced financial risk for the company.