Skyline Corporation (SKY)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 1,528,300 | 1,492,260 | 1,450,750 | 1,422,370 | 1,421,960 | 1,340,190 | 1,290,920 | 1,233,000 | 1,173,440 | 1,085,740 | 943,578 | 825,113 | 733,378 | 662,978 | 612,583 | 568,611 | 532,195 | 507,444 | 489,297 | 474,315 |
| Debt-to-equity ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.06 | 0.07 | 0.07 | 0.15 | 0.16 | 0.16 |
December 31, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $24,696K ÷ $1,528,300K
= 0.02
The debt-to-equity ratio of Skyline Corporation has been consistently low over the years, indicating a conservative capital structure with a strong emphasis on equity financing rather than debt. The ratio remained stable at around 0.16 in the initial period, decreasing gradually to 0.01 by June 30, 2022. From then on, the ratio has stayed at a very low level of 0.01 until December 31, 2024. This trend suggests that the company has been effectively managing its debt levels relative to equity, minimizing financial risk and potential distress. The low debt-to-equity ratio reflects a healthy balance sheet and financial stability for Skyline Corporation.
Peer comparison
Dec 31, 2024