Cavco Industries Inc (CVCO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.31 | 1.32 | 1.34 | 1.32 | 1.34 | 1.32 | 1.36 | 1.39 | 1.39 | 1.38 | 1.44 | 1.39 | 1.39 | 1.37 | 1.38 | 1.34 | 1.33 | 1.32 | 1.35 | 1.37 |
March 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,354,160K ÷ $1,033,410K
= 1.31
The financial leverage ratio of Cavco Industries Inc has fluctuated over the past 20 quarters, ranging from a low of 1.31 to a high of 1.44. The ratio indicates that the company has been using debt to finance its operations, with a higher ratio reflecting higher financial leverage and potential financial risk.
Overall, the trend in the financial leverage ratio shows some variability but generally hovers around 1.35, suggesting a consistent level of leverage over time. It is important for investors and stakeholders to monitor this ratio closely to assess the company's ability to meet its financial obligations and manage its debt levels effectively.