Skyline Corporation (SKY)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | — | 495,063 | 747,453 | 435,413 | 262,581 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | 64,632 | 67,296 | 90,536 | 57,481 |
| Total current liabilities | US$ in thousands | 451,308 | 389,601 | 248,917 | 350,112 | 263,642 |
| Quick ratio | 0.00 | 1.44 | 3.27 | 1.50 | 1.21 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $—K)
÷ $451,308K
= 0.00
The quick ratio, also known as the acid-test ratio, measures a company's ability to pay its short-term obligations using its most liquid assets.
In the case of Skyline Corporation, the quick ratio shows significant fluctuations over the period from March 31, 2021, to March 31, 2025.
- In March 31, 2021, the quick ratio was 1.21, indicating that the company had $1.21 of liquid assets available to cover each $1 of its current liabilities.
- By March 31, 2022, the quick ratio improved to 1.50, suggesting a better ability to meet short-term obligations with liquid assets.
- The ratio increased significantly to 3.27 by March 31, 2023, signaling a substantial improvement in the company's liquidity position.
- However, in the subsequent year, March 31, 2024, the quick ratio decreased to 1.44, indicating a potential decline in the quick liquidity position compared to the previous year.
- Finally, by March 31, 2025, the quick ratio dropped to 0.00, which could raise concerns about the company's ability to meet its short-term obligations with its liquid assets.
Overall, the analysis suggests that Skyline Corporation experienced fluctuations in its quick ratio over the years, indicating varying levels of liquidity and ability to cover short-term liabilities with liquid assets. Monitoring this ratio over time can provide insights into the company's financial health and short-term solvency.
Peer comparison
Mar 31, 2025