Skyline Corporation (SKY)
Debt-to-assets ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 24,669 | 12,430 | 12,430 | 39,330 | 77,330 |
| Total assets | US$ in thousands | 1,923,340 | 1,562,720 | 1,234,620 | 917,902 | 781,700 |
| Debt-to-assets ratio | 0.01 | 0.01 | 0.01 | 0.04 | 0.10 |
March 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $24,669K ÷ $1,923,340K
= 0.01
The debt-to-assets ratio of Skyline Corporation has shown a consistent decline over the past five years, decreasing from 0.10 as of March 31, 2020, to 0.01 as of March 31, 2022, where it has remained stable through March 31, 2024. This trend indicates that the company has been effectively managing its debt levels in relation to its total assets, showcasing a strong financial position with a low reliance on debt to finance its operations. A lower debt-to-assets ratio suggests a lower risk of default and financial distress, highlighting Skyline Corporation's prudent financial management strategy.
Peer comparison
Mar 31, 2024