Steven Madden Ltd (SHOO)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 189,924 | 139,414 | 180,457 | 131,501 | 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 |
| Short-term investments | US$ in thousands | 13,484 | 11,064 | 11,761 | 11,556 | 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 |
| Total current liabilities | US$ in thousands | 413,721 | 452,963 | 405,930 | 332,512 | 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 |
| Cash ratio | 0.49 | 0.33 | 0.47 | 0.43 | 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 |
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 for Steven Madden Ltd indicates the company's ability to cover short-term liabilities with its cash and cash equivalents. A cash ratio of 1 or higher generally suggests that the company can pay off all its current liabilities using only its cash on hand.
From March 31, 2020, to December 31, 2024, Steven Madden Ltd's cash ratio fluctuated. It started at a healthy level of 1.05 in March 2020, indicating good liquidity. The cash ratio gradually increased to 1.50 by June 2020, suggesting improved ability to cover short-term obligations.
However, the cash ratio declined over the following quarters, reaching a low of 0.33 by September 30, 2024. This indicates a decrease in the company's ability to cover its current liabilities solely with cash and cash equivalents.
The company's cash ratio may have fluctuated due to changes in cash holdings, changes in current liabilities, or a combination of both. It is essential for stakeholders to monitor the trend in the cash ratio to assess the company's liquidity position and ability to meet short-term obligations using readily available cash resources.
Peer comparison
Dec 31, 2024