Toll Brothers Inc (TOL)
Cash ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,303,040 | 893,422 | 1,030,530 | 754,793 | 1,300,070 | 1,033,370 | 761,945 | 791,609 | 1,346,750 | 316,471 | 535,038 | 671,365 | 1,638,490 | 946,097 | 714,968 | 949,696 | 1,370,940 | 559,348 | 741,222 | 519,793 |
| Short-term investments | US$ in thousands | — | -68,210 | — | — | — | — | — | 908,949 | 343,314 | 767,566 | 684,385 | 679,643 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 187,905 | 125,417 | 127,541 | 63,194 | 106,036 | 70,517 | 102,489 | 71,187 | 317,411 | 113,705 | 113,688 | 101,615 | 155,559 | 148,655 | 146,932 | 112,619 | 155,202 | 122,189 | 106,018 | 97,653 |
| Cash ratio | 6.93 | 6.58 | 8.08 | 11.94 | 12.26 | 14.65 | 7.43 | 23.89 | 5.32 | 9.53 | 10.73 | 13.30 | 10.53 | 6.36 | 4.87 | 8.43 | 8.83 | 4.58 | 6.99 | 5.32 |
October 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,303,040K
+ $—K)
÷ $187,905K
= 6.93
The cash ratio of Toll Brothers Inc has exhibited fluctuations over the past few years. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover liabilities.
In the most recent period ending on October 31, 2024, Toll Brothers Inc had a cash ratio of 6.93, which indicates that the company had $6.93 in cash and cash equivalents for every $1 of short-term liabilities. This suggests a moderate liquidity position for the company.
Historically, the cash ratio has varied significantly, with the highest ratio observed on January 31, 2023, at 23.89 and the lowest on April 30, 2021, at 4.87. These fluctuations may be indicative of changes in the company's cash management practices, operating efficiency, or financial performance over time.
Overall, Toll Brothers Inc has maintained varying levels of liquidity as reflected in its cash ratio, with recent ratios showing a relatively stable ability to cover short-term liabilities with available cash. Investors and analysts may consider monitoring this ratio along with other financial metrics to assess the company's overall financial health and liquidity position.
Peer comparison
Oct 31, 2024