Skyline Corporation (SKY)
Cash ratio
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 581,753 | 570,231 | 548,933 | 495,063 | 497,907 | 701,155 | 797,717 | 747,453 | 712,448 | 677,004 | 463,778 | 435,413 | 382,133 | 310,258 | 287,738 | 262,581 | 267,060 | 264,286 | 236,507 | 209,455 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 394,162 | 418,684 | 418,694 | 389,601 | 339,297 | 243,151 | 245,944 | 248,917 | 260,283 | 362,571 | 370,235 | 350,112 | 283,609 | 289,281 | 288,443 | 263,642 | 207,651 | 195,065 | 177,611 | 186,647 |
| Cash ratio | 1.48 | 1.36 | 1.31 | 1.27 | 1.47 | 2.88 | 3.24 | 3.00 | 2.74 | 1.87 | 1.25 | 1.24 | 1.35 | 1.07 | 1.00 | 1.00 | 1.29 | 1.35 | 1.33 | 1.12 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($581,753K
+ $—K)
÷ $394,162K
= 1.48
The cash ratio of Skyline Corporation has shown variability over the past few years. The ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio generally signifies a stronger liquidity position.
From March 31, 2020, to September 30, 2021, the cash ratio remained relatively stable, ranging from 1.00 to 1.35. This indicates a consistent ability to meet short-term obligations with cash reserves during this period.
Notably, from September 30, 2021, to June 30, 2023, the cash ratio increased significantly from 1.07 to 3.24. This substantial rise suggests a substantial improvement in liquidity, possibly due to efficient cash management or a decrease in short-term obligations during this period.
However, by December 31, 2023, the cash ratio notably dropped to 1.47 before fluctuating between 1.27 and 1.48 until December 31, 2024. This fluctuation could indicate changes in cash position relative to short-term liabilities, highlighting the need for closer monitoring of liquidity management.
Overall, Skyline Corporation's cash ratio has exhibited fluctuations, with periods of stability and significant improvements in liquidity. It is crucial for the company to maintain an appropriate balance between cash reserves and short-term obligations to ensure financial stability and meet its operational needs.
Peer comparison
Dec 31, 2024