D.R. Horton (D.R. Horton) Cash-to-Debt : 0.51 (As of Mar. 2024)

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What is D.R. Horton Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. D.R. Horton's cash to debt ratio for the quarter that ended in Mar. 2024 was 0.51.

If Cash to Debt ratio is less than 1, the company cannot pay off its debt using the cash in hand. Here we can see, D.R. Horton couldn't pay off its debt using the cash in hand for the quarter that ended in Mar. 2024.

The historical rank and industry rank for D.R. Horton's Cash-to-Debt or its related term are showing as below:

DHI' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.15 Med: 0.36 Max: 0.75
Current: 0.52

During the past 13 years, D.R. Horton's highest Cash to Debt Ratio was 0.75. The lowest was 0.15. And the median was 0.36.

DHI's Cash-to-Debt is ranked better than
50.47% of 107 companies
in the Homebuilding & Construction industry
Industry Median: 0.52 vs DHI: 0.52

D.R. Horton Cash-to-Debt Historical Data

The historical data trend for D.R. Horton's Cash-to-Debt 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.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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D.R. Horton Cash-to-Debt Chart

D.R. Horton Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Cash-to-Debt

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0.44

0.70

0.59

0.42

0.75

D.R. Horton Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Cash-to-Debt	Get a 7-Day Free Trial															0.51	0.55	0.75	0.62	0.51

Competitive Comparison of D.R. Horton's Cash-to-Debt

For the Residential Construction subindustry, D.R. Horton's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt 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.

D.R. Horton's Cash-to-Debt Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, D.R. Horton's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where D.R. Horton's Cash-to-Debt falls into.

D.R. Horton Cash-to-Debt Calculation

This is the ratio of a company's Cash, Cash Equivalents, Marketable Securities to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

D.R. Horton's Cash to Debt Ratio for the fiscal year that ended in Sep. 2023 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3873.6	/	(0	+	5142.6)
	=	0.75

D.R. Horton's Cash to Debt Ratio for the quarter that ended in Mar. 2024 is calculated as:

Cash to Debt Ratio	=	Cash, Cash Equivalents, Marketable Securities	/	Total Debt
	=	Cash, Cash Equivalents, Marketable Securities	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	3063.1	/	(0	+	5985.1)
	=	0.51

D.R. Horton (NYSE:DHI) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

D.R. Horton Cash-to-Debt Related Terms

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D.R. Horton (D.R. Horton) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » D.R. Horton Inc (NYSE:DHI) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

HO2:Germany HO2:Germany D1HI34:Brazil

Address

1341 Horton Circle, Arlington, TX, USA, 76011

Website

https://www.drhorton.com

D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.

Executives

Aron M. Odom	officer: VP, Controller and PAO	1341 HORTON CIRCLE, ARLINGTON TX 76011
Bradley S Anderson	director	1361 HORTON CIRCLE, ARLINGTON TX 76011
Barbara K Allen	director	1361 HORTON CIRCLE, ARLINGTON TX 76011
Michael R Buchanan	director	1341 HORTON CIRCLE, ARLINGTON TX 76011
Bill W Wheat	director, officer: EVP and CFO	1361 HORTON CIRCLE, ARLINGTON TX 76011
Paul J Romanowski	officer: EVP and COO	1341 HORTON CIRCLE, ARLINGTON TX 76011
Michael J Murray	officer: EVP and COO	1361 HORTON CIRCLE, ARLINGTON TX 76011
Michael W Hewatt	director	1361 HORTON CIRCLE, ARLINGTON TX 76011
David V Auld	officer: EVP and COO	1361 HORTON CIRCLE, ARLINGTON TX 76011
Benjamin Sr Carson	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Maribess L Miller	director	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
Donald R Horton	director, officer: Chairman	1361 HORTON CIRCLE, ARLINGTON TX 76011
Donald J Tomnitz	director, officer: President and CEO	2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Stacey Dwyer	officer: EVP and Treasurer	301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102
Bobby G Scott	director	301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102