Taylor Morn Home (TMHC)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 487,151 | 798,568 | 724,488 | 832,821 | 532,843 |
| Short-term investments | US$ in thousands | — | — | 1,090 | 2,110 | 5,294 |
| Total current liabilities | US$ in thousands | 174,460 | 161,264 | 306,072 | 413,887 | 127,289 |
| Cash ratio | 2.79 | 4.95 | 2.37 | 2.02 | 4.23 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($487,151K
+ $—K)
÷ $174,460K
= 2.79
The cash ratio of Taylor Morn Home has shown fluctuations over the years. It decreased from 4.23 on December 31, 2020, to 2.02 on December 31, 2021, reflecting a decline in the company's ability to cover its short-term liabilities solely with its cash reserves. However, there was a slight improvement to 2.37 on December 31, 2022. The ratio significantly increased to 4.95 on December 31, 2023, indicating a strong cash position relative to its current liabilities. It then decreased to 2.79 on December 31, 2024. Overall, the trend suggests variability in the company's liquidity position over the years, with a mix of strengths and weaknesses in managing its short-term obligations with cash resources.
Peer comparison
Dec 31, 2024