Skyline Corporation (SKY)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 209,455 |
| 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 | — | — | 90,536 | — | — | — | 57,481 | 41,325 | 46,826 | 43,412 | 45,733 |
| 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 |
| Quick ratio | 1.65 | 1.54 | 1.48 | 1.44 | 1.61 | 3.11 | 3.45 | 3.27 | 2.92 | 1.87 | 1.25 | 1.50 | 1.35 | 1.07 | 1.00 | 1.21 | 1.49 | 1.59 | 1.58 | 1.37 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($581,753K
+ $—K
+ $68,441K)
÷ $394,162K
= 1.65
The quick ratio of Skyline Corporation has exhibited fluctuations over the past few years, varying from as low as 1.00 to as high as 3.45. Generally, a quick ratio above 1 indicates that the company has sufficient liquid assets to cover its short-term liabilities.
Looking at the trend, the quick ratio has shown improvement from March 31, 2021, to June 30, 2022, peaking at 3.45 on June 30, 2023, before declining steadily.
The company experienced a significant dip in the quick ratio from June 30, 2023, to December 31, 2023, which might indicate potential liquidity challenges. However, it rebounded in the subsequent periods, exceeding 1.50 in March 31, 2024, and has remained above 1 since then.
Overall, while there have been fluctuations in the quick ratio of Skyline Corporation, the recent upward trend suggests an improvement in the company's ability to meet its short-term obligations with its liquid assets. This indicates a positive liquidity position for the company as of December 31, 2024.
Peer comparison
Dec 31, 2024