Steven Madden Ltd (SHOO)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 189,924 | 204,640 | 274,713 | 219,499 | 247,864 |
| Short-term investments | US$ in thousands | 13,484 | 15,173 | 15,085 | 44,037 | 39,302 |
| Total current liabilities | US$ in thousands | 413,721 | 377,624 | 320,908 | 435,190 | 235,916 |
| Cash ratio | 0.49 | 0.58 | 0.90 | 0.61 | 1.22 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($189,924K
+ $13,484K)
÷ $413,721K
= 0.49
The cash ratio of Steven Madden Ltd has fluctuated over the past five years. Starting at 1.22 on December 31, 2020, the ratio declined to 0.61 by December 31, 2021, indicating a significant decrease in the company's ability to cover its current liabilities with cash and cash equivalents. However, by December 31, 2022, the cash ratio improved to 0.90, suggesting a better liquidity position.
Subsequently, the ratio decreased to 0.58 by the end of 2023, showing a potential strain on the company's ability to meet short-term obligations with its available cash. Finally, as of December 31, 2024, the cash ratio further declined to 0.49, indicating a continued decrease in the company's liquidity position.
Overall, the trend in the cash ratio of Steven Madden Ltd reflects fluctuations in the company's ability to cover its short-term liabilities with cash on hand, suggesting potential changes in its liquidity management practices or operating environment.
Peer comparison
Dec 31, 2024