Taylor Morn Home (TMHC)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 174,460 | 161,264 | 306,072 | 413,887 | 127,289 |
| Quick ratio | 2.79 | 4.95 | 2.37 | 2.02 | 4.23 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($487,151K
+ $—K
+ $—K)
÷ $174,460K
= 2.79
The quick ratio of Taylor Morn Home has shown some fluctuations over the years. Starting at a high of 4.23 in December 2020, it decreased significantly to 2.02 by December 2021. However, the ratio improved in the following years, reaching 2.37 by December 2022 and further increasing to 4.95 by December 2023. In the most recent year, December 2024, the quick ratio decreased slightly to 2.79. Overall, the company's quick ratio indicates its ability to meet its short-term obligations with its most liquid assets, with a general trend of improvement after an initial decline.
Peer comparison
Dec 31, 2024