TRI Pointe Homes Inc (TPH)
Quick ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 970,045 | 675,957 | 492,940 | 943,998 | 868,953 | 849,039 | 981,567 | 966,298 | 889,664 | 228,137 | 270,124 | 412,703 | 681,528 | 587,405 | 556,483 | 584,665 | 621,295 | 493,585 | 474,545 | 624,129 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | 129,837 | 132,998 | 131,399 | 122,366 | 118,095 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 68,228 | 216,281 | 339,150 | 344,770 | 518,364 | 564,420 | 503,904 | 493,819 | 505,358 | 229,703 | 254,417 | 260,589 | 550,867 | 535,755 | 267,118 | 250,554 | 446,430 | 426,211 | 160,014 | 658,804 |
| Quick ratio | 14.22 | 3.13 | 1.45 | 2.74 | 1.68 | 1.50 | 1.95 | 1.96 | 2.02 | 1.57 | 1.58 | 2.05 | 1.45 | 1.10 | 2.08 | 2.33 | 1.39 | 1.16 | 2.97 | 0.95 |
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 fluctuated over the past few years, indicating changes in the company's ability to meet its short-term obligations with its most liquid assets.
As of December 31, 2024, the quick ratio was extraordinarily high at 14.22, suggesting the company had a significant amount of liquid assets compared to its current liabilities. This could be a result of a large cash balance or highly marketable securities easily convertible to cash.
On the other hand, the quick ratio was notably low at 0.95 as of March 31, 2020, implying the company may have had difficulty meeting its short-term obligations with its readily available assets. However, over time, the quick ratio improved significantly, reaching a peak of 3.13 on September 30, 2024, indicating a strengthened ability to cover short-term liabilities with liquid assets.
Overall, monitoring the quick ratio provides insights into TRI Pointe Homes Inc's liquidity position and its ability to manage short-term financial obligations.
Peer comparison
Dec 31, 2024