Taylor Morn Home (TMHC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,186,450 | 5,022,280 | 4,906,020 | 5,425,150 | 4,826,630 |
| Total current liabilities | US$ in thousands | 174,460 | 161,264 | 306,072 | 413,887 | 127,289 |
| Current ratio | 29.73 | 31.14 | 16.03 | 13.11 | 37.92 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,186,450K ÷ $174,460K
= 29.73
The current ratio of Taylor Morn Home has fluctuated over the last five years, with the highest ratio recorded on December 31, 2020, at 37.92, indicating a significant level of current assets to meet short-term obligations. However, this ratio decreased sharply by December 31, 2021, to 13.11, possibly indicating a liquidity issue or a decrease in current assets relative to current liabilities.
Subsequently, there was an improvement in the current ratio by December 31, 2022, to 16.03, suggesting a better ability to cover short-term debts, although still below the 2020 level. The ratio increased further by December 31, 2023, to 31.14, reflecting a substantial increase in current assets relative to liabilities.
By December 31, 2024, the current ratio slightly declined to 29.73, but it remains at a relatively healthy level, indicating Taylor Morn Home's ability to meet short-term obligations comfortably. Overall, the fluctuation in the current ratio implies varying levels of liquidity and efficiency in managing short-term financial commitments over the years.
Peer comparison
Dec 31, 2024