Cavco Industries Inc (CVCO)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | 10,335 | 12,705 |
| Total assets | US$ in thousands | 1,354,160 | 1,307,980 | 1,154,970 | 951,833 | 810,431 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.01 | 0.02 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,354,160K
= 0.00
The debt-to-assets ratio of Cavco Industries Inc has been consistently low over the past five years, indicating that the company relies minimally on debt to finance its operations and investments. In the most recent year, as of March 31, 2024, the ratio remained at 0.00, suggesting that the company's assets are mainly funded by equity rather than debt. The stability of this ratio over the years may indicate a conservative financial strategy focused on minimizing financial risk and maintaining a strong balance sheet. Furthermore, the decreasing trend from 0.02 in 2020 to 0.00 in 2024 demonstrates a reduction in the company's reliance on debt financing, potentially improving its overall financial health and stability.