The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Skyline Champion's Cash Ratio for the quarter that ended in Dec. 2023 was 1.47.
Skyline Champion has a Cash Ratio of 1.47. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Skyline Champion's Cash Ratio or its related term are showing as below:
SKY'
s Cash Ratio Range Over the Past 10 Years
Min: 0.18 Med: 0.7 Max: 3.24
Current: 1.47
During the past 13 years, Skyline Champion's highest Cash Ratio was 3.24. The lowest was 0.18. And the median was 0.70.
SKY's Cash Ratio is ranked better than 88.35% of 103
companies
in the Homebuilding & Construction industry
Industry Median: 0.38
vs SKY: 1.47
Skyline Champion Cash Ratio Historical Data
The historical data trend for Skyline Champion's Cash Ratio 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.
* Premium members only.
Skyline Champion Annual Data
Trend
May14
May15
May16
Mar17
Mar18
Mar19
Mar20
Mar21
Mar22
Mar23
Cash Ratio
0.61
1.12
1.00
1.24
3.00
Skyline Champion Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Cash Ratio
2.74
3.00
3.24
2.88
1.47
Competitive Comparison
For the Residential Construction subindustry, Skyline Champion's Cash Ratio, along with its competitors' market caps and Cash Ratio 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.
Skyline Champion Cash Ratio Distribution
For the Homebuilding & Construction industry and Consumer Cyclical sector, Skyline Champion's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Skyline Champion's Cash Ratio falls into.
Skyline Champion Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Skyline Champion's Cash Ratio for the fiscal year that ended in Mar. 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.
Skyline Champion (NYSE:SKY) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Skyline Champion Cash Ratio Related Terms
Thank you for viewing the detailed overview of Skyline Champion's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Skyline Champion (Skyline Champion) Business Description
Skyline Champion Corp is a factory-built housing company in North America. The company offers a portfolio of manufactured and modular homes, park model RVs, accessory dwelling units and modular buildings for the multi-family, hospitality, senior and workforce housing sectors. It designs and builds a range of manufactured and modular homes, park model RVs, ADUs, and commercial structures. It builds homes under brand names in the factory-built housing industry including Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes in the U.S., and Moduline and SRI Homes in western Canada. It generates maximum revenue from U.S. Factory-built Housing segment.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SKY has been successfully added to your 