Cavco Industries Inc (CVCO)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | 105,849 | 141,152 | 150,420 | 149,335 | 104,318 |
| Total current liabilities | US$ in thousands | — | 273,267 | 293,391 | 294,170 | 237,104 |
| Quick ratio | — | 1.87 | 1.49 | 1.41 | 1.88 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($356,225K
+ $—K
+ $105,849K)
÷ $—K
= —
The quick ratio of Cavco Industries Inc has shown variability over the years based on the provided data. As of March 31, 2021, the quick ratio was strong at 1.88, indicating that the company had $1.88 in liquid assets available to cover each dollar of current liabilities. However, by March 31, 2022, the quick ratio decreased to 1.41, which may raise concerns about the company's short-term liquidity position.
Subsequently, by March 31, 2023, the quick ratio improved slightly to 1.49, suggesting a better ability to meet short-term obligations with quick assets. The ratio then further increased to 1.87 by March 31, 2024, indicating a stronger liquidity position compared to the previous year.
Unfortunately, the data for March 31, 2025, is not available. In general, a quick ratio above 1.0 is considered healthy as it signifies that the company can meet its short-term obligations using its most liquid assets. A declining ratio may indicate potential liquidity challenges that warrant further investigation and monitoring.
Peer comparison
Mar 31, 2025