Skyline Corporation (SKY)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 918,302 | 1,043,470 | 782,260 | 499,767 | 398,813 |
| Total current liabilities | US$ in thousands | 389,601 | 248,917 | 350,112 | 263,642 | 186,647 |
| Current ratio | 2.36 | 4.19 | 2.23 | 1.90 | 2.14 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $918,302K ÷ $389,601K
= 2.36
The current ratio of Skyline Corporation has shown fluctuation over the past five years. As of March 31, 2020, the current ratio stood at 2.14, indicating that the company had $2.14 in current assets for every $1 in current liabilities. The ratio decreased to 1.90 by March 31, 2021, showing a potential weakening in the company's liquidity position.
However, there was a significant improvement in the current ratio by March 31, 2022, where it increased to 2.23. This suggested that Skyline Corporation had improved its ability to meet its short-term obligations. The ratio saw a considerable jump to 4.19 by March 31, 2023, indicating a substantial increase in current assets relative to current liabilities.
By March 31, 2024, the current ratio decreased slightly to 2.36, demonstrating that the company maintained a healthy liquidity position relative to the previous year. Overall, the current ratio of Skyline Corporation has displayed variability but generally indicates the company's ability to cover its short-term liabilities with its current assets.
Peer comparison
Mar 31, 2024