Skyline Corporation (SKY)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| 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 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($—K
+ $—K)
÷ $—K
= —
The cash ratio measures a company's ability to cover its short-term obligations using only its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term liabilities without relying on external financing.
For Skyline Corporation, the cash ratio has exhibited fluctuations over the reported period. Starting at 1.33 in June 2020, the ratio gradually increased to 3.24 by June 2023, indicating a significant improvement in the company's liquidity position. However, in the subsequent periods, the ratio experienced a decline, falling to 1.27 by March 2024. This decrease suggests a potential strain on Skyline Corporation's ability to cover its short-term obligations solely with cash.
It is important to note that by the end of the reported period in March 2025, the cash ratio data is unavailable, represented by a dash. This could indicate a lack of updated financial information or a deliberate omission.
Overall, analyzing the cash ratio trend for Skyline Corporation provides insights into the company's liquidity management and its capability to meet short-term obligations. A sustained focus on maintaining a healthy cash ratio would be crucial for ensuring financial stability and operational flexibility.
Peer comparison
Mar 31, 2025