Taylor Morn Home (TMHC)

Quick ratio

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
Cash US$ in thousands 487,151 256,447 246,845 554,287 798,568 613,811 1,227,260 877,717 724,488 329,244 378,340 569,249 832,821 373,407 366,267 392,500 532,843 547,916 674,685 507,761
Short-term investments US$ in thousands 1,090 306,081 4,918 420 2,110 1,998 3,687 4,985 5,294 6,800 7,212 8,711
Receivables US$ in thousands
Total current liabilities US$ in thousands 174,460 233,331 276,205 183,174 161,264 191,645 249,898 146,334 306,072 146,335 179,555 200,662 413,887 235,685 215,230 180,833 127,289 109,593 149,784 154,109
Quick ratio 2.79 1.10 0.89 3.03 4.95 3.20 4.91 6.00 2.37 4.34 2.13 2.84 2.02 1.59 1.72 2.20 4.23 5.06 4.55 3.35

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 displayed fluctuations over the given period. The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has shown a decreasing trend from March 31, 2020, to September 30, 2021, indicating diminishing liquidity levels.

From September 30, 2021, there was a slight increase in the quick ratio until March 31, 2022. However, from June 30, 2022, to September 30, 2022, there was a significant spike in the quick ratio, reaching 4.34, which may suggest an improvement in liquidity.

Subsequently, there was a decrease in the quick ratio from December 31, 2022, to June 30, 2024, with the ratio hitting a low of 0.89 on June 30, 2024. Such a low ratio suggests a potential strain on the company's ability to meet its short-term obligations with its readily available assets.

Overall, the quick ratio of Taylor Morn Home indicates fluctuations in its liquidity position over time, emphasizing the importance of closely monitoring the company's ability to meet its short-term financial commitments.