TRI Pointe Homes Inc (TPH)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 970,045 | 868,953 | 889,664 | 681,528 | 621,295 |
| Short-term investments | US$ in thousands | — | — | 129,837 | 118,095 | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 68,228 | 518,364 | 505,358 | 550,867 | 446,430 |
| Quick ratio | 14.22 | 1.68 | 2.02 | 1.45 | 1.39 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($970,045K
+ $—K
+ $—K)
÷ $68,228K
= 14.22
The quick ratio of TRI Pointe Homes Inc has shown a generally increasing trend over the past five years, starting at 1.39 as of December 31, 2020, and reaching its peak at 14.22 by December 31, 2024. This indicates the company's improving ability to meet its short-term obligations with its most liquid assets. An upward trend in the quick ratio is typically seen as a positive sign of the company's liquidity and financial health. However, the significant jump to 14.22 in 2024 may require further investigation to understand the underlying reasons for such a substantial increase. Overall, the company's quick ratio performance appears strong and has consistently been above the industry average, reflecting a solid financial position.
Peer comparison
Dec 31, 2024