Skyline Corporation (SKY)
Current ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | — | 918,302 | 1,043,470 | 782,260 | 499,767 |
| Total current liabilities | US$ in thousands | 451,308 | 389,601 | 248,917 | 350,112 | 263,642 |
| Current ratio | 0.00 | 2.36 | 4.19 | 2.23 | 1.90 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $—K ÷ $451,308K
= 0.00
Based on the data provided for Skyline Corporation's current ratio over the past five years, there are notable fluctuations in the company's liquidity position. The current ratio, which measures the company's ability to meet short-term obligations with its current assets, has shown variability year over year.
In March 2021, the current ratio was 1.90, indicating that Skyline had $1.90 in current assets for every $1 of current liabilities. This suggests that the company had a reasonable liquidity position at that time.
Moving forward to March 2022, the current ratio improved to 2.23, reflecting an enhancement in Skyline's short-term solvency. This increase can be interpreted positively, as it signifies a stronger ability to cover immediate liabilities with current assets.
However, in March 2023, the current ratio surged significantly to 4.19, indicating a substantial increase in liquidity. A current ratio above 2 typically suggests that a company is well-positioned to meet its short-term obligations without much difficulty.
By March 2024, the current ratio decreased to 2.36, while still remaining above the industry average level of 2. This indicates that Skyline's liquidity position slightly weakened compared to the previous year but remains relatively healthy.
Surprisingly, in March 2025, the current ratio is reported as 0.00. This zero value could potentially be a data reporting error or a concerning sign, suggesting that Skyline's current liabilities exceed its current assets, which would raise questions about the company's ability to meet short-term obligations.
Overall, while Skyline Corporation has shown fluctuations in its current ratio over the years, the company generally exhibited a strong liquidity position based on the ratios provided, except for the anomaly in the most recent year, which warrants further investigation.
Peer comparison
Mar 31, 2025