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Cavco Industries (Cavco Industries) Debt-to-Equity : 0.03 (As of Dec. 2023)


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What is Cavco Industries Debt-to-Equity?

Cavco Industries's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $0 Mil. Cavco Industries's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $33 Mil. Cavco Industries's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $1,009 Mil. Cavco Industries's debt to equity for the quarter that ended in Dec. 2023 was 0.03.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Cavco Industries's Debt-to-Equity or its related term are showing as below:

CVCO' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.01   Med: 0.1   Max: 0.24
Current: 0.03

During the past 13 years, the highest Debt-to-Equity Ratio of Cavco Industries was 0.24. The lowest was 0.01. And the median was 0.10.

CVCO's Debt-to-Equity is ranked better than
95.88% of 97 companies
in the Homebuilding & Construction industry
Industry Median: 0.56 vs CVCO: 0.03

Cavco Industries Debt-to-Equity Historical Data

The historical data trend for Cavco Industries's Debt-to-Equity 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.

Cavco Industries Debt-to-Equity Chart

Cavco Industries Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.04 0.04 0.02 0.02

Cavco Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.02 0.02 0.03 0.03

Competitive Comparison of Cavco Industries's Debt-to-Equity

For the Residential Construction subindustry, Cavco Industries's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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's Debt-to-Equity Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cavco Industries's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Cavco Industries's Debt-to-Equity falls into.



Cavco Industries Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Cavco Industries's Debt to Equity Ratio for the fiscal year that ended in Mar. 2023 is calculated as

Cavco Industries's Debt to Equity 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  (NAS:CVCO) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Cavco Industries Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Cavco Industries's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


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

Cavco Industries (Cavco Industries) Headlines

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