Skyline Corporation (SKY)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 24,696 | 24,690 | 24,684 | 24,669 | 24,663 | 12,430 | 12,430 | 12,430 | 12,430 | 12,430 | 12,430 | 12,430 | 12,430 | 12,430 | 39,330 | 39,330 | 39,330 | 77,330 | 77,330 | 77,330 |
| Total assets | US$ in thousands | 2,037,470 | 2,027,670 | 1,987,130 | 1,923,340 | 1,869,420 | 1,669,180 | 1,617,660 | 1,562,720 | 1,511,690 | 1,507,620 | 1,373,330 | 1,234,620 | 1,068,150 | 1,010,330 | 986,397 | 917,902 | 825,865 | 829,471 | 790,322 | 781,700 |
| Debt-to-assets ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | 0.04 | 0.05 | 0.09 | 0.10 | 0.10 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $24,696K ÷ $2,037,470K
= 0.01
The debt-to-assets ratio for Skyline Corporation has shown a consistent downward trend over the past few years. As of December 31, 2024, the ratio stands at 0.01, indicating that only 1% of the company's assets are financed by debt. This suggests that Skyline Corporation has a strong financial position with a low level of debt relative to its total assets.
The decreasing trend in the debt-to-assets ratio from 0.10 in March 2020 to 0.01 in December 2024 reflects a prudent debt management strategy by the company. It indicates that Skyline Corporation has been reducing its reliance on debt to finance its operations and investments over time. This lower level of debt implies lower financial risk and greater financial stability for the company.
Overall, the consistently low debt-to-assets ratio for Skyline Corporation suggests that the company is effectively managing its debt levels and maintaining a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2024