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.
Peer comparison
Dec 31, 2024