Skyline Corporation (SKY)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,020,680 | 1,014,110 | 975,928 | 918,302 | 870,165 | 977,938 | 1,079,030 | 1,043,470 | 1,005,210 | 1,026,340 | 907,426 | 782,260 | 634,709 | 583,435 | 562,374 | 499,767 | 455,025 | 457,316 | 411,835 | 398,813 |
| 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 |
| Current ratio | 2.59 | 2.42 | 2.33 | 2.36 | 2.56 | 4.02 | 4.39 | 4.19 | 3.86 | 2.83 | 2.45 | 2.23 | 2.24 | 2.02 | 1.95 | 1.90 | 2.19 | 2.34 | 2.32 | 2.14 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,020,680K ÷ $394,162K
= 2.59
The current ratio of Skyline Corporation has shown fluctuations over the reported periods. From March 31, 2020, to December 31, 2021, the current ratio remained relatively stable, ranging between 1.90 and 2.34. However, starting from March 31, 2022, the current ratio began to increase significantly, reaching its peak at 4.39 on June 30, 2023. This indicates that the company had a higher level of current assets relative to current liabilities during this period.
Subsequently, the current ratio decreased but remained above 2 until December 31, 2023. From March 31, 2024, to December 31, 2024, the current ratio fluctuated between 2.33 and 2.59. Overall, the current ratio pattern suggests that Skyline Corporation has generally maintained a healthy liquidity position, with the ability to meet its short-term obligations comfortably throughout the observed periods.
Peer comparison
Dec 31, 2024