Taylor Morn Home (TMHC)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 8,672,090 | 8,470,720 | 8,727,780 | 7,738,000 | 5,245,690 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,672,090K
= 0.00
The debt-to-assets ratio of Taylor Morrison Home Corp. has shown a decreasing trend from 2019 to 2023. In 2019 and 2020, the ratio was relatively stable at 0.37 and 0.38, respectively. However, there was a significant decrease in the ratio in 2021 to 0.38 from 0.29 in 2022, indicating either a reduction in total debt or an increase in total assets. In the most recent year, 2023, the ratio decreased further to 0.23, which suggests the company relied less on debt to finance its assets compared to the previous years.
Overall, the decreasing trend in the debt-to-assets ratio indicates that Taylor Morrison Home Corp. has been managing its debt levels effectively in relation to its asset base. A lower ratio indicates a lower financial risk and better financial health, as the company has a larger proportion of assets financed by equity rather than debt. This trend could be positive for the company's long-term financial stability and may indicate prudent financial management decisions.
Peer comparison
Dec 31, 2023