Skyline Corporation (SKY)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | 68,441 | 74,755 | 72,706 | 64,632 | 48,659 | 55,097 | 50,678 | 67,296 | 47,515 | 82,662 | 128,573 | 90,536 | 46,184 | 72,886 | 60,545 | 57,481 | 41,325 | 46,826 | 43,412 |
| 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 |
| Quick ratio | — | 1.65 | 1.54 | 1.48 | 1.44 | 1.61 | 3.11 | 3.45 | 3.27 | 2.92 | 2.10 | 1.60 | 1.50 | 1.51 | 1.32 | 1.21 | 1.21 | 1.49 | 1.59 | 1.58 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($—K
+ $—K
+ $—K)
÷ $—K
= —
The quick ratio of Skyline Corporation has experienced fluctuations over the years, ranging from 1.21 to 3.45. The quick ratio indicates the company's ability to meet its short-term obligations using its most liquid assets.
Initially, the quick ratio increased steadily from June 2020 to September 2022, reaching a peak of 2.92 in December 2022. This upward trend suggests that Skyline Corporation improved its liquidity position during this period.
However, the quick ratio declined sharply in the following quarters, dropping to 1.44 by March 2024. This decrease may indicate potential challenges in meeting short-term obligations with liquid assets during this period.
Subsequently, there was a slight recovery in the quick ratio, reaching 1.65 by December 2024. Overall, the quick ratio exhibited some volatility in the later years, indicating fluctuations in the company's ability to cover its short-term liabilities with quick assets.
The latest data point for March 2025 is not available, so it is unclear how the quick ratio evolved in the most recent quarter. Monitoring the quick ratio over time is essential to assess Skyline Corporation's liquidity position and its ability to manage short-term financial obligations effectively.
Peer comparison
Mar 31, 2025