Cavco Industries Inc (CVCO)
Solvency ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 0.00 | 1.31 | 1.34 | 1.33 | 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 |
Based on the provided data for Cavco Industries Inc, the solvency ratios indicate a strong financial position in terms of the company's leverage and debt levels.
1. Debt-to-assets ratio: This ratio measures the proportion of a company's assets financed with debt. Cavco Industries Inc has consistently maintained a debt-to-assets ratio of 0.00 over the years, indicating that the company's assets are primarily financed through equity rather than debt. This suggests lower financial risk and a healthy balance sheet.
2. Debt-to-capital ratio: The debt-to-capital ratio shows the percentage of a company's capital that is financed through debt. Similar to the debt-to-assets ratio, Cavco Industries Inc has consistently reported a 0.00 debt-to-capital ratio, indicating a low reliance on debt to fund its operations and investments.
3. Debt-to-equity ratio: The debt-to-equity ratio provides insights into the company's financial leverage by comparing its total debt to shareholders' equity. In this case, Cavco Industries Inc has maintained a debt-to-equity ratio of 0.00 across the reported periods, signaling a conservative capital structure with minimal debt levels.
4. Financial leverage ratio: This ratio measures the company's use of debt to support its operations and growth. Cavco Industries Inc started with a financial leverage ratio of 1.34 in June 2020 and gradually decreased this ratio to 0.00 by March 2025. The decreasing trend in the financial leverage ratio indicates a reduction in the company's reliance on debt over the years, which could be viewed positively by investors and lenders.
Overall, Cavco Industries Inc's solvency ratios reflect a prudent approach to managing its financial resources, with a strong emphasis on equity financing over debt. This solid financial position bodes well for the company's ability to weather economic downturns and pursue profitable growth opportunities in the future.
Coverage ratios
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 440.61 | 306.32 | 130.94 | 111.28 | 110.00 | 120.38 | 219.95 | 271.53 | 327.58 | 423.23 | 402.36 | 353.65 | 287.46 | 212.57 | 178.68 | 143.48 | 119.36 | 96.44 | 67.89 | 65.28 |
The interest coverage ratio of Cavco Industries Inc has shown a fluctuating trend over the analyzed period. It started at 65.28 in June 30, 2020, increased steadily to 440.61 in March 31, 2025. This indicates that the company's ability to cover its interest expenses with its operating profits improved significantly over time. A higher interest coverage ratio suggests that Cavco Industries Inc is more capable of meeting its interest obligations using its earnings, signifying a reduced risk of default. The upward trajectory of the interest coverage ratio reflects positively on the company's financial stability and suggests that it has been managing its debt servicing effectively.