The balance sheet appears increasingly strained with a debt-to-equity ratio of 2.05 and a current ratio consistently below 1.0, reaching a low of 0.41 in 2025Q1.
| Metric | TTM | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|
| Total Current Assets | 722M | 581M | 580M | 834M | 1.19B | 944M | 752M | 768M | 789M | 818M | 961M | 1.03B | 917M | 978M | 806M | 898M | 874M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | 139M | 118M | 106M | 214M | 735M | 520M | 263M | 225M | 227M | 274M | 415M | 313M | 236M | 376M | 143M | 192M | 255M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13M | 7M | 0 | 0 | 180M | 186M | 9M | 77M | 97M | 85M |
| Days Inventory Outstanding | - | - | - | - | - | - | - | 1.45 | 0.79 | - | - | 23.85 | 25.23 | 1.42 | 14.55 | 18.33 | 16.77 |
| Other Current Assets | 450M | 212M | 231M | 209M | 191M | 157M | 161M | 480M | 186M | 148M | 126M | 120M | 290M | 147M | 88M | 109M | 98M |
| Total Non-Current Assets | 5.02B | 5.05B | 5.26B | 5.55B | 6.02B | 5.99B | 6.79B | 6.52B | 6.55B | 6.6B | 6.57B | 6.51B | 6.41B | 6.47B | 6.54B | 7.13B | 7.17B |
| Property, Plant & Equipment | 546M | 578M | 660M | 739M | 763M | 767M | 892M | 304M | 289M | 267M | 254M | 233M | 205M | 188M | 165M | 186M | 211M |
| Fixed Asset Turnover | 10.52x | 9.85x | 8.54x | 9.35x | 10.46x | 8.11x | 6.58x | 20.00x | 21.16x | 21.76x | 22.46x | 22.87x | 25.80x | 24.85x | 24.81x | 21.99x | 18.64x |
| Goodwill | 2.5B | 2.5B | 2.5B | 2.52B | 2.92B | 2.91B | 3.46B | 3.71B | 3.71B | 3.69B | 3.62B | 3.48B | 3.33B | 3.3B | 3.3B | 2.61B | 2.58B |
| Intangible Assets | 90M | 106M | 1.6B | 1.72B | 1.88B | 1.96B | 2.13B | 2.23B | 2.33B | 2.42B | 2.49B | 2.57B | 2.66B | 2.76B | 2.87B | 4.12B | 4.16B |
| Long-Term Investments | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 5.74B | 5.64B | 5.84B | 6.38B | 7.21B | 6.93B | 7.54B | 7.29B | 7.34B | 7.42B | 7.53B | 7.54B | 7.33B | 7.45B | 7.35B | 8.03B | 8.04B |
| Asset Turnover | 1.03x | 1.01x | 0.97x | 1.08x | 1.11x | 0.90x | 0.78x | 0.83x | 0.83x | 0.78x | 0.76x | 0.71x | 0.72x | 0.63x | 0.56x | 0.51x | 0.49x |
| Asset Growth % | -6.98% | -3.48% | -8.52% | -11.47% | 3.98% | -8.07% | 3.47% | -0.64% | -1.13% | -1.46% | -0.09% | 2.89% | -1.6% | 1.29% | -8.46% | -0.15% | - |
| Total Current Liabilities | 1.42B | 1.39B | 1.21B | 1.3B | 1.05B | 1.02B | 1.11B | 1.53B | 955M | 1.05B | 1.6B | 878M | 911M | 1.01B | 1.44B | 1.36B | 1.44B |
| Accounts Payable | 114M | 101M | 99M | 184M | 130M | 128M | 137M | 83M | 156M | 140M | 139M | 128M | 123M | 148M | 184M | 203M | 96M |
| Days Payables Outstanding | 12.65 | 9.92 | 9.86 | 15.21 | 9.98 | 13.25 | 15.84 | 9.23 | 17.63 | 17.35 | 17.31 | 16.96 | 16.68 | 23.29 | 34.76 | 38.35 | 18.94 |
| Short-Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Revenue (Current) | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 570M | 272M | 310M | 115M | 101M | 90M | 89M | 496M | 246M | 241M | 263M | 245M | 256M | 136M | -66M | 253M | 229M |
| Current Ratio | 0.51x | 0.42x | 0.48x | 0.64x | 1.13x | 0.92x | 0.68x | 0.50x | 0.83x | 0.78x | 0.60x | 1.17x | 1.01x | 0.96x | 0.56x | 0.66x | 0.61x |
| Quick Ratio | 0.51x | 0.42x | 0.48x | 0.64x | 1.13x | 0.92x | 0.68x | 0.49x | 0.82x | 0.78x | 0.60x | 0.96x | 0.80x | 0.95x | 0.51x | 0.59x | 0.55x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 2.81B | 2.68B | 2.95B | 3.31B | 3.97B | 4.14B | 4.34B | 3.45B | 3.76B | 3.9B | 3.5B | 4.48B | 4.4B | 4.91B | 7.41B | 7.74B | 7.58B |
| Long-Term Debt | 2.13B | 2.03B | 2.23B | 2.48B | 2.94B | 3.15B | 3.21B | 2.8B | 3.22B | 3.27B | 2.96B | 3.89B | 3.89B | 4.26B | 6.83B | 6.7B | 6.67B |
| Capital Lease Obligations | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 4.22B | 4.07B | 4.16B | 4.62B | 5.02B | 5.17B | 5.45B | 4.97B | 4.71B | 4.95B | 5.11B | 5.36B | 5.31B | 5.93B | 8.85B | 9.1B | 9.02B |
| Total Debt | 3.12B | 3.06B | 3.11B | 3.52B | 3.62B | 3.88B | 4.29B | 3.78B | 3.54B | 3.71B | 3.95B | 4.18B | 4.16B | 4.63B | 7.48B | 7.22B | 7.01B |
| Net Debt | 2.98B | 2.94B | 3.01B | 3.3B | 2.89B | 3.37B | 4.03B | 3.55B | 3.31B | 3.44B | 3.53B | 3.87B | 3.92B | 4.25B | 7.33B | 7.03B | 6.76B |
| Debt / Equity | 2.05x | 1.95x | 1.85x | 1.99x | 1.65x | 2.20x | 2.05x | 1.63x | 1.35x | 1.50x | 1.63x | 1.91x | 2.07x | 3.05x | - | - | - |
| Debt / EBITDA | 2.26x | 11.67x | 16.55x | 7.39x | 4.23x | 6.54x | 7.46x | 0.65x | 0.58x | 0.64x | 5.12x | 5.74x | 5.90x | 26.59x | 16.88x | 8.49x | 11.98x |
| Net Debt / EBITDA | 2.15x | 11.22x | 15.99x | 6.94x | 3.37x | 5.66x | 7.00x | 0.61x | 0.54x | 0.59x | 4.58x | 5.31x | 5.57x | 24.43x | 16.56x | 8.26x | 11.55x |
| Interest Coverage | - | 0.11x | 0.19x | -1.86x | 3.29x | -1.40x | 0.24x | 2.10x | 3.17x | 3.01x | 2.22x | 1.84x | 1.62x | - | 0.35x | 1.01x | 0.55x |
| Total Equity | 1.52B | 1.57B | 1.68B | 1.77B | 2.19B | 1.77B | 2.1B | 2.31B | 2.62B | 2.47B | 2.42B | 2.18B | 2.01B | 1.52B | -1.5B | -1.07B | -981M |
| Equity Growth % | -23.71% | -6.6% | -4.87% | -19.39% | 24.05% | -15.7% | -9.46% | -11.71% | 6.2% | 1.94% | 10.95% | 8.45% | 32.52% | 201.33% | -39.83% | -9.28% | - |
| Book Value per Share | 13.57 | 14.13 | 15.24 | 15.53 | 18.24 | 15.34 | 18.35 | 18.48 | 18.95 | 16.93 | 16.35 | 14.83 | 13.73 | 10.47 | -187.38 | -134.00 | -122.63 |
| Total Shareholders' Equity | 1.52B | 1.57B | 1.68B | 1.76B | 2.19B | 1.76B | 2.09B | 2.31B | 2.62B | 2.46B | 2.42B | 2.18B | 2.01B | 1.52B | -1.5B | -1.07B | -983M |
| Common Stock | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 1M | 0 | 2M | 2M |
| Retained Earnings | -3.28B | -3.22B | -3.09B | -2.99B | -2.71B | -3.06B | -2.69B | -2.51B | -2.63B | -3.06B | -3.28B | -3.46B | -3.61B | -4.04B | -3.5B | -3.07B | -2.97B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -40M | -42M | -44M | -48M | -50M | -59M | -56M | -52M | -37M | -40M | -36M | -35M | -19M | -31M | -32M | -30M | -32M |
| Minority Interest | 4M | 3M | 2M | 3M | 6M | 4M | 4M | 4M | 4M | 5M | 4M | 4M | 3M | 3M | 2M | 2M | 2M |
High leverage and liquidity
As reported in recent quarterly filings, Anywhere Real Estate's balance sheet trajectory appears increasingly strained, with total assets declining from $6.2B in 2023Q2 to $5.7B by 2025Q3, reflecting a persistent struggle to maintain capital base stability during prolonged periods of depressed residential real estate transaction volumes.
The consistent contraction in total assets suggests that the firm is struggling to replace the value of its legacy footprint as market conditions remain unfavorable. Investors should monitor whether this downward trend in asset scale reflects a strategic downsizing or an involuntary erosion of the company's competitive market position.
Based on the company's reported financial statements, the debt-to-equity ratio has climbed to 2.05 as of 2025Q3, indicating that the firm remains heavily reliant on debt financing despite the significant cyclical headwinds currently impacting its core brokerage and franchise revenue streams across the US residential market.
The elevated leverage profile suggests that the company has limited room for operational error, particularly given the sensitivity of its revenue to interest rate fluctuations. This debt burden appears to be a structural legacy that continues to constrain the firm's ability to invest in technology-driven growth initiatives.
According to the provided balance sheet data, the current ratio has remained consistently below 1.0, reaching a low of 0.41 in 2025Q1, which suggests that the firm maintains a very thin liquidity buffer to navigate potential shocks in the cyclical residential real estate services industry.
A current ratio consistently below unity implies that the company may face challenges in meeting short-term obligations without relying on external financing or rapid cash conversion. This liquidity profile appears vulnerable, especially considering the lumpy nature of revenue recognition in the title and settlement services segment.
As indicated by the firm's balance sheet, goodwill remains static at $2.5B, representing a significant portion of total assets, which suggests that the company's valuation is heavily dependent on the carrying value of past acquisitions rather than tangible assets or current operational performance metrics.
The high concentration of goodwill warrants further investigation, as any sustained decline in the brokerage segment's profitability could trigger impairment charges that would further erode the equity base. This reliance on intangible assets may mask the underlying fragility of the firm's current business model in a changing regulatory environment.
Quick answers to the most common questions about buying HOUS stock.
As of 2024, Anywhere Real Estate Inc. (HOUS) had total assets of $5.64B including $581.0M in current assets.
Anywhere Real Estate Inc. (HOUS) carries total debt of $3.06B. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Anywhere Real Estate Inc. (HOUS) has total shareholders' equity (book value) of $1.57B ($14.13 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Anywhere Real Estate Inc. (HOUS) reported a current ratio of 0.42x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.