Hovnanian Enterprises, Inc. HOV Financial Services — Restricted Cash And Cash Equivalents
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Where this comes from
Reported directly by Hovnanian Enterprises, Inc. in its filing.
Tagged under the XBRL concept us-gaap:RestrictedCashAndCashEquivalents.
The source filing: Hovnanian Enterprises, Inc.’s 10-Q, filed June 2, 2026.
- Filed
- Jun 2, 2026, 4:11 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001753926-26-000964
Financial services restricted cash and cash equivalents, which are included in "Financial services" assets on the Condensed Consolidated Balance Sheets, totaled $24.5 million and $27.7 million as of April 30, 2026 and October 31, 2025, respectively. Included in these balances were (1) financial services customers’ deposits of $22.2 million and $25.4 million at April 30, 2026 and October 31, 2025, respectively, which are subject to restrictions on our use, and (2) restricted cash under the terms of our mortgage warehouse lines of credit of $2.3 million at both April 30, 2026 and October 31, 2025.
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FAQ
- What is Hovnanian Enterprises, Inc.'s financial services — restricted cash and cash equivalents?
- Hovnanian Enterprises, Inc. (HOV) reported financial services — restricted cash and cash equivalents of $24.5M in Q1 2026.
- How has Hovnanian Enterprises, Inc.'s financial services — restricted cash and cash equivalents changed year-over-year?
- Hovnanian Enterprises, Inc.'s financial services — restricted cash and cash equivalents decreased by 22.2% year-over-year, from $31.5M to $24.5M.
- What is the long-term trend for Hovnanian Enterprises, Inc.'s financial services — restricted cash and cash equivalents?
- Over 4 years (2021 to 2025), Hovnanian Enterprises, Inc.'s financial services — restricted cash and cash equivalents has grown at a -5.4% compound annual growth rate (CAGR), from $158.45M to $127.05M.
- What does financial services — restricted cash and cash equivalents mean?
- Reflects cash and cash equivalents held by the financial services segment that are not available for general use due to contractual or legal restrictions. This often includes funds held in escrow or collateral accounts related to mortgage servicing or lending activities. Monitoring this helps assess the portion of liquidity that is tied up and unavailable for discretionary operational spending.
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