Skyline Corporation (SKY)
Solvency ratios
| Mar 31, 2025 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Skyline Corporation's solvency ratios show a consistently low level of debt compared to its assets, capital, and equity over the last few years. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio have all been maintained at 0.00, indicating that the company has effectively managed its debt levels in relation to its total assets, capital, and equity.
Furthermore, the Financial leverage ratio has decreased steadily from 1.62 on June 30, 2020, to 1.33 by December 31, 2024. This decline suggests that Skyline Corporation has been reducing its reliance on debt financing over the years, which is a positive sign for the company's solvency and financial stability.
Overall, based on the solvency ratios provided, Skyline Corporation appears to have a strong financial position with low debt levels relative to its assets, capital, and equity. This indicates a healthy financial structure and suggests that the company is in a good position to meet its financial obligations in the long term.
Coverage ratios
| Mar 31, 2025 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | 33.63 | 33.82 | 29.48 | 36.10 | 56.42 | 74.30 | 133.17 | 152.90 | 210.43 | 218.26 | 264.08 | 221.48 | 132.60 | 99.61 | 68.16 | 52.83 | 34.23 | 27.17 | 30.58 | 38.20 |
The interest coverage ratio of Skyline Corporation has exhibited fluctuating trends over the past few years. The ratio is a measure of a company's ability to pay interest on its outstanding debt obligations. A higher interest coverage ratio indicates that the company is more capable of meeting its interest payments.
From June 30, 2020, to June 30, 2022, Skyline Corporation's interest coverage showed a consistent increasing trend, reaching a peak of 264.08 on September 30, 2022. During this period, the company's ability to cover interest payments strengthened significantly.
However, starting from September 30, 2022, the interest coverage ratio began to decline, indicating potential challenges in meeting interest obligations. By December 31, 2023, the ratio fell to 74.30, marking a significant drop from the peak.
Subsequently, there was a continued decrease in the interest coverage ratio through March 31, 2025. The ratio remained relatively stable around the range of 30 to 60, suggesting some level of stability, albeit at a lower level compared to the peak period.
Overall, the fluctuating trends in Skyline Corporation's interest coverage highlight the importance of closely monitoring the company's ability to meet its interest payment obligations, especially during periods of declining ratios. It will be crucial for the company to manage its debt levels and cash flows effectively to ensure sustainable financial health.