Toll Brothers Inc (TOL)
Current ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,303,040 | 1,300,070 | 1,346,750 | 1,638,490 | 1,370,940 |
| Total current liabilities | US$ in thousands | 187,905 | 106,036 | 317,411 | 155,559 | 155,202 |
| Current ratio | 6.93 | 12.26 | 4.24 | 10.53 | 8.83 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,303,040K ÷ $187,905K
= 6.93
The current ratio of Toll Brothers Inc has fluctuated over the last five years, standing at 6.93 in 2024, 12.26 in 2023, 4.24 in 2022, 10.53 in 2021, and 8.83 in 2020. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position, while a lower ratio may suggest potential difficulties in meeting short-term obligations. The significant variations in Toll Brothers Inc's current ratio over the years reflect fluctuations in its current assets and current liabilities, impacting its short-term financial health and ability to handle obligations. Further analysis of the company's financial performance and operational efficiency would be advisable to gain a deeper understanding of the trends observed in its current ratio.
Peer comparison
Oct 31, 2024