Cavco Industries Inc (CVCO)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,033,410 | 976,286 | 830,455 | 683,640 | 607,586 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,033,410K
= 0.00
Cavco Industries Inc has maintained a consistently low debt-to-equity ratio over the past five years. As of March 31, 2024, the company's debt-to-equity ratio was 0.00, indicating that the company had no debt relative to its equity. This suggests that Cavco Industries relies primarily on equity financing rather than debt financing to fund its operations and expansion. The trend of a stable and low debt-to-equity ratio over the years reflects a conservative financial approach, implying lower financial risk and higher financial stability for the company. It also indicates that Cavco Industries may have a strong financial position, as it has been able to finance its operations without taking on significant debt obligations. Overall, the low debt-to-equity ratio of Cavco Industries Inc serves as a positive indicator of the company's financial health and prudent capital structure management.