Taylor Morrison Home (Taylor Morrison Home) LT-Debt-to-Total-Asset : 0.24 (As of Dec. 2023)

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What is Taylor Morrison Home LT-Debt-to-Total-Asset?

LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Taylor Morrison Home's long-term debt to total assests ratio for the quarter that ended in Dec. 2023 was 0.24.

Taylor Morrison Home's long-term debt to total assets ratio declined from Dec. 2022 (0.31) to Dec. 2023 (0.24). It may suggest that Taylor Morrison Home is progressively becoming less dependent on debt to grow their business.

Taylor Morrison Home LT-Debt-to-Total-Asset Historical Data

The historical data trend for Taylor Morrison Home's LT-Debt-to-Total-Asset 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.

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Taylor Morrison Home LT-Debt-to-Total-Asset Chart

Taylor Morrison Home Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

LT-Debt-to-Total-Asset

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0.38

0.39

0.31

0.24

Taylor Morrison Home Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
LT-Debt-to-Total-Asset	Get a 7-Day Free Trial															0.31	0.29	0.28	0.25	0.24

Taylor Morrison Home LT-Debt-to-Total-Asset Calculation

Taylor Morrison Home's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (A: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (A: Dec. 2023 )	/	Total Assets (A: Dec. 2023 )
	=	2102.101	/	8672.087
	=	0.24

Taylor Morrison Home's Long-Term Debt to Total Asset Ratio for the quarter that ended in Dec. 2023 is calculated as

LT Debt to Total Assets (Q: Dec. 2023 )	=	Long-Term Debt & Capital Lease Obligation (Q: Dec. 2023 )	/	Total Assets (Q: Dec. 2023 )
	=	2102.101	/	8672.087
	=	0.24

Taylor Morrison Home (NYSE:TMHC) LT-Debt-to-Total-Asset Explanation

LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.

Taylor Morrison Home LT-Debt-to-Total-Asset Related Terms

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Taylor Morrison Home (Taylor Morrison Home) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Taylor Morrison Home Corp (NYSE:TMHC) » Definitions » LT-Debt-to-Total-Asset

Comparable Companies

Traded in Other Exchanges

THM:Germany

Address

4900 N. Scottsdale Road, Suite 2000, Scottsdale, AZ, USA, 85251

Website

https://www.taylormorrison.com

Taylor Morrison Home is an American residential construction company that builds single-family homes and communities throughout California, Arizona, Texas, Illinois, Colorado, Florida, Georgia, and North Carolina. Taylor Morrison also reports via a mortgage operations segment that provides financing services for its homebuyers. It constructs various types of single-family homes, from entry-level to luxury move-up homes, as well as active adult communities. The majority of the company's revenue is derived from its construction projects, with the West and central operating regions leading the way.

Executives

William H Lyon	director	C/O TAYLOR MORRISON HOME CORP., 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Sheryl Palmer	officer: President and CEO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Darrell Sherman	officer: EVP, CLO & Secretary	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Joseph Terracciano	officer: Chief Accounting Officer	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Curtis Vanhyfte	officer: Interim CFO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Louis Steffens	officer: EVP and CFO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
David C Merritt	director	CHARTER COMMUNICATIONS INC, 12405 POWERSCOURT DRIVE, ST LOUIS MO 63131
Denise Warren	director	209 REDWOOD SHORES PKWY, REDWOOD CITY CA 94065
C. David Cone	officer: Vice President and CFO	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Christopher J. Yip	director	301 COMMERCE STREET, FORT WORTH TX 76102
Gary H Hunt	director	C/O WILLIAM LYON HOMES, 4695 MACARTHUR COURT, 8TH FLOOR, NEWPORT BEACH CA 92660
Peter R. Lane	director	1500 SOLANA BOULEVARD, BUILDING 4, SUITE 4500, SOUTHLAKE TX 76092
Jeffry L. Flake	director	C/O 4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Andi Owen	director	4900 N. SCOTTSDALE ROAD, SUITE 2000, SCOTTSDALE AZ 85251
Tpg Group Holdings (sbs) Advisors, Inc.	10 percent owner	C/O TPG GLOBAL, LLC, 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102