Beazer Homes USA has a quick ratio of 1.33. It generally indicates good short-term financial strength.
The historical rank and industry rank for Beazer Homes USA's Quick Ratio or its related term are showing as below:
LTS:0HMG'
s Quick Ratio Range Over the Past 10 Years
Min: 0.82 Med: 1.46 Max: 1.92
Current: 1.33
During the past 13 years, Beazer Homes USA's highest Quick Ratio was 1.92. The lowest was 0.82. And the median was 1.46.
LTS:0HMG's Quick Ratio is ranked better than 64.58% of 96
companies
in the Homebuilding & Construction industry
Industry Median: 0.83
vs LTS:0HMG: 1.33
Beazer Homes USA Quick Ratio Historical Data
The historical data trend for Beazer Homes USA's Quick 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.
Competitive Comparison of Beazer Homes USA's Quick Ratio
For the Residential Construction subindustry, Beazer Homes USA's Quick Ratio, along with its competitors' market caps and Quick 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.
Beazer Homes USA's Quick Ratio Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Beazer Homes USA's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Beazer Homes USA's Quick Ratio falls into.
Beazer Homes USA Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Beazer Homes USA's Quick Ratio for the fiscal year that ended in Sep. 2024 is calculated as
* 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.
Beazer Homes USA (LTS:0HMG) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Beazer Homes USA Quick Ratio Related Terms
Thank you for viewing the detailed overview of Beazer Homes USA's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Beazer Homes USA Inc is an construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in over 13 states and over 22 metro markets. Beazer Homes builds homes and communities that target first-time, move-up, and luxury homebuyers with an average selling price of roughly $300,000. From a geographic perspective, home sales in the western and eastern United States have been the leading sources of revenue for the company. Key metro areas include Atlanta, Las Vegas, Los Angeles, Orlando, and Tampa. The company also focuses on land purchasing and development to support future construction efforts as well as mortgage services for its homebuyers.
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