Cavco Industries Inc (CVCO)
Quick 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 | 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 |
| Receivables | US$ in thousands | 188,074 | 161,332 | 164,976 | 156,085 | 141,152 | 133,308 | 149,605 | 148,617 | 150,420 | 128,022 | 147,677 | 162,871 | 149,335 | 119,458 | 130,114 | 102,096 | 104,318 | 102,035 | 90,836 | 97,432 |
| 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 |
| Quick ratio | — | 1.89 | 1.78 | 1.88 | 1.93 | 1.90 | 1.77 | 1.76 | 1.49 | 1.87 | 1.62 | 1.37 | 1.41 | 1.50 | 1.32 | 1.86 | 1.88 | 2.09 | 2.02 | 2.15 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $19,842K
+ $188,074K)
÷ $—K
= —
The quick ratio of Cavco Industries Inc demonstrates the company's ability to meet its short-term obligations with its most liquid assets. The quick ratio has been relatively stable over the past few years, ranging from a high of 2.15 on June 30, 2020, to a low of 1.32 on September 30, 2021.
The quick ratio generally remained above 1, indicating that Cavco Industries Inc had sufficient liquid assets to cover its current liabilities throughout the period analyzed. However, there was a slight decrease in the quick ratio from 2.15 on June 30, 2020, to 1.89 on December 31, 2024.
The quick ratio peaked at 2.15 on June 30, 2020, which may suggest strong liquidity and ability to cover short-term obligations comfortably. However, the gradual decline in the quick ratio to 1.89 by December 31, 2024, could indicate a potential decrease in liquidity or a shift in the composition of assets towards less liquid ones.
Overall, the trend of the quick ratio for Cavco Industries Inc demonstrates relatively good liquidity management, but sustained monitoring is necessary to ensure the company maintains adequate liquidity levels to meet its short-term obligations effectively.
Peer comparison
Mar 31, 2025