Cavco Industries Inc (CVCO)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,033,410 | 1,008,700 | 1,019,260 | 1,022,830 | 976,286 | 955,500 | 928,932 | 851,562 | 830,455 | 806,212 | 733,116 | 699,067 | 683,640 | 661,741 | 640,688 | 624,007 | 607,586 | 595,260 | 573,004 | 550,337 |
| Debt-to-equity 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 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 |
March 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $1,033,410K
= 0.00
The debt-to-equity ratio for Cavco Industries Inc has remained consistently low at 0.00 for the most recent four quarters, indicating that the company has not utilized debt significantly to finance its operations and growth. This implies that Cavco Industries Inc relies more on equity financing, which may suggest a conservative financial approach. However, it is worth noting that there was a slight increase in the debt-to-equity ratio from 0.02 to 0.03 in the fiscal year 2021, suggesting a modest shift towards a slightly higher level of debt in the capital structure. Overall, the company's low debt-to-equity ratio signals a relatively strong financial position and lower financial risk compared to companies with higher debt levels.