Taylor Morn Home (TMHC)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total assets | US$ in thousands | 8,672,090 | 8,436,920 | 8,748,790 | 8,376,190 | 8,470,720 | 8,593,630 | 8,650,220 | 8,517,980 | 8,727,780 | 8,403,050 | 8,138,760 | 7,975,480 | 7,738,000 | 7,834,450 | 8,322,330 | 8,262,370 | 5,245,690 | 5,339,860 | 5,177,770 | 5,190,400 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 for Taylor Morrison Home Corp. has been decreasing consistently over the past eight quarters, indicating a positive trend in managing debt relative to its total assets. As of Q4 2023, the ratio stands at 0.23, the lowest value in the given period. This downward trend suggests that the company is gradually becoming less reliant on debt to finance its operations and investments, which may signal improved financial health and stability. It is worth noting that the company has been successful in reducing its debt burden and strengthening its asset base, which could enhance its overall financial performance and resilience in the long run.
Peer comparison
Dec 31, 2023