Steven Madden Ltd (SHOO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 894,695 | 854,832 | 843,557 | 944,660 | 698,241 |
| Total current liabilities | US$ in thousands | 413,721 | 377,624 | 320,908 | 435,190 | 235,916 |
| Current ratio | 2.16 | 2.26 | 2.63 | 2.17 | 2.96 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $894,695K ÷ $413,721K
= 2.16
The current ratio of Steven Madden Ltd has exhibited fluctuations over the past five years. As of December 31, 2020, the current ratio stood at 2.96, indicating a strong ability to cover short-term obligations with current assets. However, there was a decrease in the current ratio to 2.17 by December 31, 2021, which may suggest a potential strain on liquidity management.
Subsequently, the current ratio improved to 2.63 as of December 31, 2022, signaling a better position in meeting current liabilities. However, there was a slight drop to 2.26 by December 31, 2023, which could indicate a need for careful monitoring of liquidity levels.
As of December 31, 2024, the current ratio further decreased to 2.16, potentially indicating a reduced ability to cover short-term obligations with current assets. Overall, while the current ratio has shown some variability, it generally remains above 2, suggesting that Steven Madden Ltd has maintained a healthy liquidity position throughout the years.
Peer comparison
Dec 31, 2024