What is Better Home & Finance's cash ratio?

Better Home & Finance (BETR) reported cash ratio of 6.7× in Q2 2023.

How has Better Home & Finance's cash ratio changed year-over-year?

Better Home & Finance's cash ratio increased by 190120.0% year-over-year, from 0× to 6.7×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Better Home & Finance BETR Cash ratio

Cash ratio at other companies

Intercontinental ExchangeICE

0×0.0×

Blend LabsBLND

0.8×-0.3×

ServiceTitan, Inc.TTAN

3.1×-0.5×

LendingTreeTREE

0.7×+0.1×

Other financials

Income statement

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Revenue$47.5M+51.6%

Operating income-$56.6M+55.0%

Net income-$70.3M-39.1%

EPS (diluted)-$4.29-28.8%

Balance sheet

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Cash & equivalents$73.7M-36.9%

Total debt$4.4M-41.3%

Total equity$8.6M+108%

Total assets$1.6B+56.1%

Cash flow

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Operating cash flow-$125.2M-119%

CapEx$378.0K+87.1%

Free cash flow-$125.6M-119%

Valuation

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Market cap$482.69M+142%

Enterprise value$413.4M+360%

P/S2.7×+1.0×

Profitability

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Operating margin-343.9%—

Net margin-103.2%-30.0pp

FCF margin-133.4%-50.3pp

Returns & leverage

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Return on equity-875.5%-1,394pp

Debt / equity0.5×—

Current ratio0.1×+0.1×

Where this comes from

Calculated from Better Home & Finance’s reported figures.

cash and equivalents/total current liabilities=6.7×

Based on the most recent quarter.

The official record: Better Home & Finance’s 10-Q, filed August 14, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Better Home & Finance's cash ratio?: Better Home & Finance (BETR) reported cash ratio of 6.7× in Q2 2023.
How has Better Home & Finance's cash ratio changed year-over-year?: Better Home & Finance's cash ratio increased by 190120.0% year-over-year, from 0× to 6.7×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.