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Toll Brothers Current Ratio

: 4.07 (As of Apr. 2022)
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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. Toll Brothers's current ratio for the quarter that ended in Apr. 2022 was 4.07.

Toll Brothers has a current ratio of 4.07. 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 Toll Brothers's Current Ratio or its related term are showing as below:

TOL' s Current Ratio Range Over the Past 10 Years
Min: 1.53   Med: 5.74   Max: 15.49
Current: 4.07

During the past 13 years, Toll Brothers's highest Current Ratio was 15.49. The lowest was 1.53. And the median was 5.74.

TOL's Current Ratio is ranked better than
69.44% of 108 companies
in the Homebuilding & Construction industry
Industry Median: 2.61 vs TOL: 4.07

Toll Brothers Current Ratio Historical Data

The historical data trend for Toll Brothers'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.

* Premium members only.

Toll Brothers Annual Data
Trend Oct12 Oct13 Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21
Current Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.72 5.93 6.28 5.32 4.47

Toll Brothers Quarterly Data
Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.60 4.39 4.47 4.04 4.07

Competitive Comparison

For the Residential Construction subindustry, Toll Brothers'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.

   

Toll Brothers Current Ratio Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Toll Brothers's Current Ratio distribution charts can be found below:

* The bar in red indicates where Toll Brothers's Current Ratio falls into.



Toll Brothers Current Ratio Calculation

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.

Toll Brothers's Current Ratio for the fiscal year that ended in Oct. 2021

Current Ratio (A: Oct. 2021 )=Total Current Assets (A: Oct. 2021 )/Total Current Liabilities (A: Oct. 2021 )
=10051.004/2249.313
=4.47

Toll Brothers's Current Ratio for the quarter that ended in Apr. 2022 is calculated as

Current Ratio (Q: Apr. 2022 )=Total Current Assets (Q: Apr. 2022 )/Total Current Liabilities (Q: Apr. 2022 )
=9994.477/2455.829
=4.07

* 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.


Toll Brothers  (NYSE:TOL) 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.


Toll Brothers Current Ratio Related Terms

Thank you for viewing the detailed overview of Toll Brothers's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Toll Brothers Business Description

Toll Brothers logo
Traded in Other Exchanges
Address
1140 Virginia Drive, Fort Washington, PA, USA, 19034
Toll Brothers is the leading luxury homebuilder in the United States with an average sale price well above public competitors'. The company operates in 60 markets across 24 states and caters to move-up, active-adult, and second-home buyers. Traditional homebuilding operations represent most of company's revenue. Toll Brothers also builds luxury for-sale and for-rent properties in urban centers across the U.S. It has its headquarters in Horsham, Pennsylvania.
Executives
Kan Derek T. director TOLL BROTHERS, INC. 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Stowell Scott D director
East Stephen F. director TOLL BROTHERS, INC. 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Parahus Robert officer: EVP,Co-Chief Operating Officer TOLL BROTHERS, INC. 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Boyd James W. officer: EVP,Co-Chief Operating Officer TOLL BROTHERS, INC. 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Mcdonald John K. officer: SVP, General Counsel TOLL BROTHERS, INC. 250 GIBRALTAR ROAD HORSHAM PA 19044
Grimes Karen H. director TOLL BROTHERS, INC. 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Pritchett Wendell E. director TOLL BROTHERS, INC. 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Grubb Michael J. officer: Chief Accounting Officer TOLL BROTHERS, INC. 1140 VIRGINIA DRIVE FORT WASHINGTON PA 19034
Mclean John A director TOLL BROTHERS, INC. 1140 GIBRALTAR ROAD FORT WASHINGTON PA 19034
Hartman Richard T. officer: Chief Operating Officer 250 GIBRALTAR ROAD HORSHAM PA 19044
Connor Martin P. officer: Chief Financial Officer 250 GIBRALTAR ROAD HORSHAM PA 19044
Yearley Douglas C. Jr. officer: Executive Vice President 250 GIBRALTAR ROAD HORSHAM PA 19044
Garvey Christine director 14100 E 35TH PLACE AURORA CO 80011
Boehne Edward G director 313 DEVON STATE ST DEVON PA 19333

Toll Brothers Headlines

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