TRI Pointe Homes Inc (TPH)
Debt-to-assets ratio
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Total assets | US$ in thousands | 4,914,590 | 4,870,230 | 4,780,560 | 4,739,240 | 4,719,940 | 4,526,040 | 4,414,660 | 4,314,070 | 4,336,220 | 4,233,680 | 4,160,160 | 4,092,950 | 4,021,980 | 3,957,560 | 3,977,900 | 4,293,050 | 3,858,690 | 3,941,470 | 3,877,550 | 3,855,900 |
Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $4,914,590K
= 0.00
Tri Pointe Homes Inc.'s debt-to-assets ratio has been relatively stable over the past eight quarters, ranging from 0.28 to 0.31. The ratio indicates that the company finances approximately 28% to 31% of its assets through debt, with the majority of its assets being funded through equity. This suggests that the company has a conservative approach to leverage, as it has a lower reliance on debt to finance its operations and investments. Overall, the consistency in the debt-to-assets ratio indicates a prudent capital structure management by Tri Pointe Homes Inc.
Peer comparison
Dec 31, 2023
Company name
Symbol
Debt-to-assets ratio
TRI Pointe Homes Inc
TPH
0.00
Century Communities Inc
CCS
0.00
DR Horton Inc
DHI
0.10
Green Brick Partners Inc
GRBK
0.00
KB Home
KBH
0.00
LGI Homes
LGIH
0.00
M/I Homes Inc
MHO
0.00
Meritage Corporation
MTH
0.00
NVR Inc
NVR
0.00
PulteGroup Inc
PHM
0.00
Taylor Morn Home
TMHC
0.00