Toll Brothers Inc (TOL)
Cash ratio
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 1,286,010 | 836,258 | 924,448 |
| Short-term investments | US$ in thousands | — | — | — | — | 908,949 | 343,314 | 767,566 | 684,385 | 679,643 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 157,897 | 150,000 | 110,012 |
| Cash ratio | 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 | 8.14 | 5.58 | 8.40 |
January 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($754,793K
+ $—K)
÷ $63,194K
= 11.94
The cash ratio of Toll Brothers Inc. has fluctuated over the past few quarters, ranging from as low as 0.13 in Q3 2022 to as high as 0.64 in Q3 2023. 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 short-term obligations.
In Q1 2024, Toll Brothers Inc. had a cash ratio of 0.54, indicating that the company had $0.54 of cash and cash equivalents for every $1 of current liabilities. This suggests an improvement from the previous quarter (Q4 2023) when the cash ratio was 0.36.
Overall, while the cash ratio has shown some variability, the current ratio of 0.54 in Q1 2024 indicates that Toll Brothers Inc. has a reasonable level of liquidity to meet its short-term obligations. It is important for investors and analysts to monitor changes in the cash ratio over time to assess the company's financial health and liquidity position.
Peer comparison
Jan 31, 2024