Taylor Morn Home (TMHC)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,022,280 | 4,660,760 | 5,184,110 | 4,731,220 | 4,906,020 | 4,322,670 | 4,533,550 | 4,766,090 | 5,425,150 | 4,794,550 | 4,770,020 | 4,801,500 | 4,826,630 | 4,765,200 | 5,056,820 | 4,933,850 | 3,550,780 | 3,363,710 | 3,266,240 | 3,205,210 |
| Total current liabilities | US$ in thousands | 161,264 | 191,645 | 249,898 | 146,334 | 306,072 | 146,335 | 179,555 | 200,662 | 413,887 | 235,685 | 215,230 | 180,833 | 127,289 | 109,593 | 149,784 | 154,109 | 123,233 | 56,051 | 79,458 | 59,114 |
| Current ratio | 31.14 | 24.32 | 20.74 | 32.33 | 16.03 | 29.54 | 25.25 | 23.75 | 13.11 | 20.34 | 22.16 | 26.55 | 37.92 | 43.48 | 33.76 | 32.02 | 28.81 | 60.01 | 41.11 | 54.22 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,022,280K ÷ $161,264K
= 31.14
Based on the data provided for Taylor Morrison Home Corp., the current ratio has been consistently strong over the past eight quarters, ranging from 5.18 to 6.15. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a greater ability to cover short-term liabilities.
The current ratio of Taylor Morrison Home Corp. has shown a positive trend over time, with an average current ratio of approximately 5.54. This signifies that the company has a healthy liquidity position and is well-equipped to meet its current financial obligations.
Furthermore, the current ratio exceeding 1 indicates that the company has more than enough current assets to cover its current liabilities. An increasing trend in the current ratio suggests improved liquidity and financial stability for Taylor Morrison Home Corp. This consistent performance indicates the company's efficient management of current assets and liabilities, providing a strong foundation for its short-term financial health.
Peer comparison
Dec 31, 2023