Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Cavco Industries's cash to debt ratio for the quarter that ended in Dec. 2023 was 11.11.
If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Cavco Industries could pay off its debt using the cash in hand for the quarter that ended in Dec. 2023.
The historical rank and industry rank for Cavco Industries's Cash-to-Debt or its related term are showing as below:
CVCO'
s Cash-to-Debt Range Over the Past 10 Years
Min: 1.16 Med: 4.08 Max: 30.08
Current: 11.11
During the past 13 years, Cavco Industries's highest Cash to Debt Ratio was 30.08. The lowest was 1.16. And the median was 4.08.
Cavco Industries Cash-to-Debt Historical Data
The historical data trend for Cavco Industries's Cash-to-Debt can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
|
Cavco Industries Annual Data
|
|
Trend |
Mar14 |
Mar15 |
Mar16 |
Mar17 |
Mar18 |
Mar19 |
Mar20 |
Mar21 |
Mar22 |
Mar23 |
| Cash-to-Debt |
|
|
|
|
|
|
5.68 |
9.98 |
13.38 |
18.95 |
13.21 |
|
Cavco Industries Quarterly Data
|
|
Mar19 |
Jun19 |
Sep19 |
Dec19 |
Mar20 |
Jun20 |
Sep20 |
Dec20 |
Mar21 |
Jun21 |
Sep21 |
Dec21 |
Mar22 |
Jun22 |
Sep22 |
Dec22 |
Mar23 |
Jun23 |
Sep23 |
Dec23 |
| Cash-to-Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
30.08 |
13.21 |
16.57 |
12.83 |
11.11 |
Competitive Comparison
For the Residential Construction subindustry, Cavco Industries's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Cavco Industries Cash-to-Debt Distribution
For the Homebuilding & Construction industry and Consumer Cyclical sector, Cavco Industries's Cash-to-Debt distribution charts can be found below:
* The bar in red indicates where Cavco Industries's Cash-to-Debt falls into.
Cavco Industries Cash-to-Debt Calculation
This is the ratio of a company's
Cash, Cash Equivalents, Marketable Securities
to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.
Cavco Industries's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:
Cavco Industries's Cash to Debt Ratio for the quarter that ended in Dec. 2023 is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Cavco Industries (Cavco Industries) Business Description
Traded in Other Exchanges
N/A
Address
3636 North Central Avenue, Suite 1200, Phoenix, AZ, USA, 85012
Cavco Industries Inc designs and produces factory-built homes under the Cavco Homes, Fleetwood Homes, and Palm Harbor Homes brands. It also produces modular homes, park model homes, and vacation cabins, as well as commercial structures, among others. The company operates principally in two segments: Factory-built housing, which includes wholesale and retail systems-built housing operations and financial services, which includes manufactured housing consumer finance and insurance. Cavco received most of its revenues from the Factory-built housing segment.
Executives
| Steven K. Like |
officer: Senior Vice President |
1001 N. CENTRAL AVENUE, SUITE 800, PHOENIX AZ 85004 |
| Steven G Bunger |
director |
|
| Jack S Brandom |
officer: President, Financial Services |
C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012 |
| Gavin Ryan |
officer: See remarks |
3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012 |
| David A. Greenblatt |
director |
4218 BEECHWOOD LANE, DALLAS TX 75220-1908 |
| Rogers Colleen J |
officer: SVP, Marketing and Comm. |
C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012 |
| Allison Aden |
officer: EVP and CFO |
C/O PROFIT RECOVERY GROUP INTERNATIONAL, 2300 WINDY RIDGE PARKWAY SUITE 100, ATLANTA GA 30339 |
| Matthew A Nino |
officer: President, Retail |
C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012 |
| Brian R Cira |
officer: President,Manufactured Housing |
C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012 |
| Anthony Crutcher |
officer: Chief Information Officer |
C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012 |
| Paul Bigbee |
officer: Chief Accounting Officer |
C/O 3636 N. CENTRAL AVE., SUITE 1200, PHOENIX AZ 85012 |
| Steven W Moster |
director |
7000 E. 1ST AVE., SCOTTSDALE AZ 85251 |
| Simone Reynolds |
officer: Sr. VP & CHRO |
C/O 3636 N CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012 |
| Julia Sze |
director |
C/O 3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012 |
| Lyle D Zeller |
officer: See Remarks |
3636 N. CENTRAL AVENUE, SUITE 1200, PHOENIX AZ 85012 |
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