Taylor Morn Home (TMHC)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 5,314,940 | 5,175,110 | 5,095,310 | 4,846,550 | 4,630,330 | 4,403,470 | 4,193,900 | 4,094,800 | 3,925,850 | 3,745,900 | 3,668,850 | 3,655,560 | 3,504,540 | 3,542,140 | 3,424,740 | 3,423,040 | 2,537,710 | 2,480,200 | 2,398,660 | 2,390,730 |
| Debt-to-capital 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-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $5,314,940K)
= 0.00
The debt-to-capital ratio of Taylor Morrison Home Corp has been relatively stable over the past eight quarters, hovering around the range of 0.28 to 0.43. This ratio measures the proportion of the company's capital structure that is financed by debt, with a lower ratio indicating lower reliance on debt financing.
During the most recent quarters in 2023, the debt-to-capital ratio remained at 0.28, suggesting a consistent level of debt financing relative to the company's capital. However, there was a slight increase in Q2 2023 and Q1 2023, where the ratio stood at 0.32.
Comparing the latest ratios to those in 2022, it is evident that there has been a slight improvement in the company's debt-to-capital position. The ratio has decreased from 0.35 in Q4 2022 to 0.28 in Q4 2023, indicating a potential reduction in debt relative to capital over this period.
Overall, Taylor Morrison Home Corp appears to maintain a moderate level of debt in its capital structure, which may indicate a balanced approach to financing its operations. It will be important to monitor this ratio in future periods to assess any potential shifts in the company's leverage and financial risk profile.
Peer comparison
Dec 31, 2023