Steven Madden Ltd (SHOO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | 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 |
| Receivables | US$ in thousands | -4,670 | -4,828 | 248,228 | 364,982 | 252,671 |
| Total current liabilities | US$ in thousands | 413,721 | 377,624 | 320,908 | 435,190 | 235,916 |
| Quick ratio | 0.48 | 0.57 | 1.68 | 1.44 | 2.29 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($189,924K
+ $13,484K
+ $-4,670K)
÷ $413,721K
= 0.48
The quick ratio of Steven Madden Ltd has displayed some variability over the years based on the provided data. In December 2020, the quick ratio was relatively high at 2.29, indicating a healthy level of liquidity to cover short-term obligations. However, there was a notable decrease in the quick ratio to 1.44 by December 2021, suggesting a potential decline in the company's ability to quickly meet its current liabilities.
Subsequently, the quick ratio improved to 1.68 by December 2022, reflecting a better liquidity position compared to the previous year. However, there was a significant decrease in the quick ratio to 0.57 by December 2023, raising concerns about the company's short-term liquidity adequacy.
Furthermore, the quick ratio further declined to 0.48 by December 2024, indicating a continued challenge in meeting immediate financial obligations with its current liquid assets. Overall, it appears that Steven Madden Ltd's quick ratio has been fluctuating, warranting a closer examination of its current assets and liabilities management to ensure sustained financial stability.
Peer comparison
Dec 31, 2024