Cavco Industries Inc (CVCO)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 10,335 | 10,847 | 11,933 | 12,307 | 12,705 | 14,125 | 14,359 | 14,199 |
| Total assets | US$ in thousands | 1,354,160 | 1,326,600 | 1,368,790 | 1,353,050 | 1,307,980 | 1,264,470 | 1,264,670 | 1,183,800 | 1,154,970 | 1,112,230 | 1,056,430 | 970,872 | 951,833 | 906,566 | 882,510 | 838,256 | 810,431 | 787,409 | 773,838 | 756,083 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 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 for Cavco Industries Inc has been consistently low over the past few quarters, with values ranging from 0.00 to 0.02. This indicates that the company has a relatively low level of debt compared to its total assets. A low debt-to-assets ratio is generally seen as favorable as it suggests that the company is not overly leveraged and has a strong financial position to meet its obligations.
It is noteworthy that the ratio has remained below 0.02 for the past several quarters, indicating that Cavco Industries Inc has been managing its debt levels effectively and maintaining a healthy balance between debt and assets. This can be a positive sign for investors and creditors as it reflects the company's financial stability and ability to weather potential economic challenges.
Overall, the low and stable trend of the debt-to-assets ratio for Cavco Industries Inc suggests prudent financial management and a conservative approach to taking on debt, which can contribute to the company's long-term sustainability and resilience in the face of economic uncertainties.