Skyline Corporation (SKY)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 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 |
| Financial leverage ratio | 1.33 | 1.36 | 1.37 | 1.35 | 1.31 | 1.25 | 1.25 | 1.27 | 1.29 | 1.39 | 1.46 | 1.50 | 1.46 | 1.52 | 1.61 | 1.61 | 1.55 | 1.63 | 1.62 | 1.65 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $2,037,470K ÷ $1,528,300K
= 1.33
The financial leverage ratio of Skyline Corporation has shown a downward trend over the past few years, indicating a decreasing reliance on debt to finance its operations. As of December 31, 2024, the financial leverage ratio stands at 1.33, suggesting that for every dollar of equity, the company has $1.33 of total assets. This reduction in the financial leverage ratio reflects a more conservative approach to financing, which may reduce the company's risk exposure to debt-related financial difficulties. It is important to monitor this trend to ensure that the company maintains a healthy balance between debt and equity in its capital structure.
Peer comparison
Dec 31, 2024