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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Green Brick Partners's current ratio for the quarter that ended in Sep. 2024 was 7.35.
Green Brick Partners has a current ratio of 7.35. It indicates the company may not be efficiently using its current assets or its short-term financing facilities. This may also indicate problems in working capital management.
The historical rank and industry rank for Green Brick Partners's Current Ratio or its related term are showing as below:
During the past 13 years, Green Brick Partners's highest Current Ratio was 14.55. The lowest was 4.21. And the median was 7.46.
The historical data trend for Green Brick Partners's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Green Brick Partners Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Current Ratio | Get a 7-Day Free Trial | 14.55 | 4.21 | 7.63 | 8.02 | 9.10 |
Green Brick Partners Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Current Ratio | Get a 7-Day Free Trial | 8.45 | 9.10 | 8.70 | 8.29 | 7.35 |
For the Residential Construction subindustry, Green Brick Partners's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Homebuilding & Construction industry and Consumer Cyclical sector, Green Brick Partners's Current Ratio distribution charts can be found below:
* The bar in red indicates where Green Brick Partners's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Green Brick Partners's Current Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Current Ratio (A: Dec. 2023 ) | = | Total Current Assets (A: Dec. 2023 ) | / | Total Current Liabilities (A: Dec. 2023 ) |
= | 1743.314 | / | 191.598 | |
= | 9.10 |
Green Brick Partners's Current Ratio for the quarter that ended in Sep. 2024 is calculated as
Current Ratio (Q: Sep. 2024 ) | = | Total Current Assets (Q: Sep. 2024 ) | / | Total Current Liabilities (Q: Sep. 2024 ) |
= | 2034.023 | / | 276.593 | |
= | 7.35 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Green Brick Partners (NYSE:GRBK) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Green Brick Partners's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
James R. Brickman | director, officer: Chief Executive Officer | 3131 HARVARD AVENUE, SUTE 103, DALLAS TX 75205 |
Kathleen Olsen | director | 4 BROOKSIDE DRIVE, PORT WASHINGTON NY 11050 |
Richard Arthur Costello | officer: Chief Financial Officer | 2805 DALLAS PARKWAY, SUITE 400, PLANO TX 75093 |
David Einhorn | director, 10 percent owner | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Richard S Press | director | 101 BOGLE STREET, WESTON MA 02493 |
Jed Dolson | officer: See Remarks | 3131 HARVARD AVENUE, SUTE 103, DALLAS TX 75205 |
Dme Capital Management, Lp | director, 10 percent owner | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Dme Advisors Gp, L.l.c. | director, 10 percent owner | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Dme Advisors, Lp | director, 10 percent owner | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Greenlight Capital Inc | director, 10 percent owner | 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Elizabeth Blake | director | BIOFUEL ENERGY CORP., 1600 BROADWAY SUITE 2200, DENVER CO 80202 |
Harry Brandler | director | 2 GRAND CENTRAL TOWER, 140 EAST 45TH STREET, 24TH FLOOR, NEW YORK NY 10017 |
Neal J Suit | officer: General Counsel & EVP | C/O LEGACY HOUSING CORPORATION, 1600 AIRPORT FREEWAY, #100, BEDFORD TX 76022 |
Lila A Murphy | director | 2000 S. COLORADO BLVD., SUITE 10200, DENVER CO 80222 |
John R Farris | director | P.O. BOX 309, FRANKFORT KY 40602-0309 |
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