Taylor Morn Home (TMHC)
Debt-to-equity 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-equity 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-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $5,314,940K
= 0.00
The debt-to-equity ratio of Taylor Morrison Home Corp. has shown a declining trend over the period from Q1 2022 to Q4 2023. The ratio has decreased from 0.75 in Q1 2022 to 0.38 in Q4 2023, indicating a reduction in the company's reliance on debt compared to its equity. This decreasing trend suggests that the company has been managing its debt levels effectively and improving its financial stability over time. A lower debt-to-equity ratio generally signifies lower financial risk and greater financial strength for the company. Overall, the decreasing trend in Taylor Morrison Home Corp.'s debt-to-equity ratio is a positive indicator of the company's financial health and prudent financial management.
Peer comparison
Dec 31, 2023