Steven Madden Ltd (SHOO)
Cash ratio
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 204,640 | 191,804 | 258,056 | 209,979 | 274,713 | 139,194 | 150,929 | 170,347 | 219,499 | 219,523 | 262,144 | 233,202 | 247,864 | 223,820 | 318,101 | 211,138 | 264,101 | 167,492 | 212,664 | 160,256 |
| Short-term investments | US$ in thousands | 15,173 | 14,641 | 16,358 | 13,740 | 15,085 | 9,051 | 29,569 | 9,897 | 44,037 | 40,390 | 40,513 | 39,788 | 39,302 | 33,332 | 38,837 | 34,271 | 40,521 | 27,452 | 36,096 | 61,383 |
| Total current liabilities | US$ in thousands | 377,624 | 331,760 | 317,642 | 257,242 | 320,908 | 280,081 | 379,643 | 345,260 | 435,190 | 388,574 | 279,158 | 256,493 | 235,916 | 218,072 | 237,892 | 232,712 | 281,271 | 252,702 | 282,219 | 203,844 |
| Cash ratio | 0.58 | 0.62 | 0.86 | 0.87 | 0.90 | 0.53 | 0.48 | 0.52 | 0.61 | 0.67 | 1.08 | 1.06 | 1.22 | 1.18 | 1.50 | 1.05 | 1.08 | 0.77 | 0.88 | 1.09 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($204,640K
+ $15,173K)
÷ $377,624K
= 0.58
The cash ratio of Steven Madden Ltd. has fluctuated over the past eight quarters, ranging from a low of 0.59 to a high of 1.02. The company's cash ratio measures its ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to settle current obligations using liquid assets.
The cash ratio reached its peak in Q4 2022 at 1.02, reflecting a significant increase in the company's liquid position at that time. Subsequently, the ratio decreased slightly in Q1 2023 to 1.00 before declining further in Q2 2023 to 0.74 and then to 0.70 in Q4 2023.
While the cash ratio has shown some variability throughout the periods, it generally remained above 1, indicating that Steven Madden Ltd. had more than enough cash and cash equivalents to cover its current liabilities during these quarters. However, the downward trend in recent quarters may signal a potential need for the company to closely monitor its liquidity position and ensure it can meet short-term obligations effectively.
Peer comparison
Dec 31, 2023