Steven Madden Ltd (SHOO)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 854,832 | 853,583 | 827,899 | 768,033 | 843,557 | 817,249 | 906,410 | 868,103 | 944,660 | 881,101 | 743,780 | 734,531 | 698,241 | 647,834 | 635,921 | 640,792 | 718,879 | 707,086 | 740,803 | 661,064 |
| 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 |
| Current ratio | 2.26 | 2.57 | 2.61 | 2.99 | 2.63 | 2.92 | 2.39 | 2.51 | 2.17 | 2.27 | 2.66 | 2.86 | 2.96 | 2.97 | 2.67 | 2.75 | 2.56 | 2.80 | 2.62 | 3.24 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $854,832K ÷ $377,624K
= 2.26
The current ratio for Steven Madden Ltd. fluctuated over the past eight quarters, ranging from a low of 2.26 in Q4 2023 to a high of 2.99 in Q1 2023. The company's current assets were consistently higher than its current liabilities during this period, indicating a healthy liquidity position.
The ratio peaked in Q1 2023, suggesting the company had ample short-term assets to cover its short-term obligations. However, the ratio decreased in subsequent quarters, hitting a low in Q4 2023, which may indicate a slight decrease in liquidity or an increase in current liabilities.
Overall, Steven Madden Ltd. has maintained a current ratio above 2 for the past two years, showcasing its ability to meet its short-term financial obligations easily. Investors and stakeholders generally view a current ratio above 1 as favorable, and the company's consistent ratios above this threshold demonstrate its strong liquidity position.
Peer comparison
Dec 31, 2023