Cavco Industries Inc (CVCO)
Cash ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | — | 362,863 | 364,113 | 378,352 | 368,168 | 366,023 | 377,264 | 352,234 | 271,427 | 376,148 | 333,249 | 238,072 | 244,150 | 267,265 | 224,291 | 329,753 | 322,279 | 327,487 | 312,243 | 270,547 |
| Short-term investments | US$ in thousands | 19,842 | 16,062 | 24,574 | 20,671 | 18,270 | 16,819 | 14,358 | 14,173 | 14,978 | 16,607 | 16,367 | 15,864 | 20,086 | 21,116 | 18,867 | 19,749 | 19,496 | 16,966 | 16,589 | 16,374 |
| Total current liabilities | US$ in thousands | — | 285,222 | 311,480 | 296,005 | 273,267 | 271,172 | 305,475 | 293,376 | 293,391 | 278,423 | 306,051 | 304,675 | 294,170 | 272,762 | 282,271 | 242,187 | 237,104 | 213,342 | 208,221 | 179,056 |
| Cash ratio | — | 1.33 | 1.25 | 1.35 | 1.41 | 1.41 | 1.28 | 1.25 | 0.98 | 1.41 | 1.14 | 0.83 | 0.90 | 1.06 | 0.86 | 1.44 | 1.44 | 1.61 | 1.58 | 1.60 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $19,842K)
÷ $—K
= —
The cash ratio of Cavco Industries Inc has shown fluctuations over the years. The ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents.
From June 2020 to September 2021, the cash ratio remained above 1, indicating that Cavco had sufficient cash to cover its short-term obligations. However, there was a significant decrease in the cash ratio from September 2021 to June 2022, dropping to 0.83, which may suggest a potential liquidity issue during that period.
Subsequently, there were fluctuations in the cash ratio, with some periods showing improvement (e.g., September 2022 and March 2024), while others showed declines (e.g., September 2022 and June 2024). Overall, the ratio remained above 1 in most periods, signaling Cavco's ability to meet its short-term obligations with its cash holdings.
The absence of data for the cash ratio in March 2025 makes it challenging to provide a conclusive analysis for that period. Monitoring the trend of the cash ratio can help assess Cavco's liquidity position and its ability to manage short-term financial obligations effectively.
Peer comparison
Mar 31, 2025