Skyline Corporation (SKY)

Solvency ratios

	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
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
Debt-to-capital ratio	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.02	0.02	0.06	0.06	0.07	0.13	0.14	0.14
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
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

The solvency ratios of Skyline Corporation show a consistent improvement over the years, indicating a strengthening financial position and lower financial risk.

- Debt-to-assets ratio has decreased from 0.10 in March 2020 to 0.01 in December 2024, demonstrating that the company has reduced its reliance on debt to finance its assets. This implies a healthier balance sheet with more assets financed by equity.

- Debt-to-capital ratio has followed a similar trend, declining from 0.14 in March 2020 to 0.02 in December 2024. This reduction suggests that the company has lower debt in relation to its total capital, indicating increased stability and financial flexibility.

- Debt-to-equity ratio has also shown a consistent decline from 0.16 in March 2020 to 0.02 in December 2024, reflecting the company's decreasing dependence on debt relative to equity. This trend indicates a more balanced capital structure and lower financial leverage.

- Financial leverage ratio has decreased over the years from 1.65 in March 2020 to 1.33 in December 2024, indicating that the company has become less reliant on debt to finance its operations. This reduction in financial leverage suggests a stronger financial position and improved ability to weather economic downturns.

Overall, the solvency ratios of Skyline Corporation demonstrate a positive trend towards lower debt levels, higher equity contributions, and reduced financial risk, signaling a healthier and more stable financial position.

Coverage ratios

	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
Interest coverage	43.69	40.10	36.95	37.98	72.35	86.52	129.18	158.40	375.66	288.69	161.50	102.82	81.84	56.93	44.13	30.23	13.71	14.13	15.73	19.36

The interest coverage ratio of Skyline Corporation has shown fluctuating trends over the past few years. The ratio was relatively stable and healthy in the range of 13 to 30 from March 2020 to March 2021. However, from June 2021 onwards, there was a significant improvement in the interest coverage ratio, reaching its peak at 375.66 by December 2022. This indicated that the company had substantial earnings to cover its interest expenses during this period.

In the subsequent quarters from March 2023 to December 2024, the interest coverage ratio experienced a notable decline, dropping to as low as 36.95 by June 2024. This downward trend suggests a potential strain on the company's ability to cover its interest obligations with its earnings during this period.

Overall, the fluctuating nature of the interest coverage ratio for Skyline Corporation indicates varying levels of financial stability and risk associated with its debt obligations. It is important for investors and stakeholders to closely monitor this ratio to assess the company's ability to meet its interest payments in the future.