Cavco Industries Inc (CVCO)
Current ratio
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 851,799 | 833,047 | 875,443 | 858,687 | 804,579 | 832,554 | 819,791 | 748,025 | 744,117 | 703,549 | 632,998 | 667,864 | 651,799 | 625,719 | 597,424 | 547,991 | 516,185 | 501,986 | 486,632 | 479,048 |
| Total current liabilities | US$ in thousands | 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 | 172,102 | 161,790 | 169,697 | 175,330 |
| Current ratio | 3.12 | 3.07 | 2.87 | 2.93 | 2.74 | 2.99 | 2.68 | 2.46 | 2.53 | 2.58 | 2.24 | 2.76 | 2.75 | 2.93 | 2.87 | 3.06 | 3.00 | 3.10 | 2.87 | 2.73 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $851,799K ÷ $273,267K
= 3.12
The current ratio of Cavco Industries Inc has exhibited some fluctuation over the past few quarters. The ratio has generally been above 2, indicating that the company has sufficient current assets to cover its current liabilities.
In the most recent quarter ending March 31, 2024, the current ratio stood at 3.12, which suggests a strong liquidity position. This is an improvement from the previous quarter and reflects an increase in current assets relative to current liabilities.
Looking at the trend over the past several quarters, there has been some variability in the current ratio, with peaks and troughs observed. Nonetheless, the company has generally maintained a healthy current ratio above 2, indicating a relatively stable liquidity position.
It is important for Cavco Industries Inc to continue monitoring and managing its current assets and liabilities effectively to ensure the company remains in a strong liquidity position going forward.