Cavco Industries Inc (CVCO)
Cash ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 356,225 | 352,687 | 271,427 | 244,150 | 322,279 |
| Short-term investments | US$ in thousands | — | 18,270 | 14,978 | 20,086 | 19,496 |
| Total current liabilities | US$ in thousands | — | 273,267 | 293,391 | 294,170 | 237,104 |
| Cash ratio | — | 1.36 | 0.98 | 0.90 | 1.44 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($356,225K
+ $—K)
÷ $—K
= —
The cash ratio of Cavco Industries Inc has fluctuated over the past few years. As of March 31, 2021, the company had a cash ratio of 1.44, indicating that it had $1.44 in cash and cash equivalents for every dollar of current liabilities. However, by March 31, 2022, the cash ratio had decreased to 0.90, suggesting a decrease in the company's ability to cover its short-term obligations with cash on hand.
In the subsequent years, the cash ratio improved slightly, reaching 0.98 as of March 31, 2023, and further increasing to 1.36 by March 31, 2024. These improvements indicate that Cavco Industries Inc was able to strengthen its liquidity position and enhance its ability to meet short-term financial obligations.
Unfortunately, the data for March 31, 2025 is not available (denoted by "—"), making it impossible to assess the company's cash ratio for that year. Overall, the trend in Cavco Industries Inc's cash ratio demonstrates varying levels of liquidity over the years, with fluctuations indicating changes in the company's cash position and its ability to manage its short-term financial obligations.
Peer comparison
Mar 31, 2025