Steven Madden Ltd (SHOO)
Quick 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 | 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 |
| Receivables | US$ in thousands | -4,670 | 4,068 | 3,204 | 4,874 | -4,828 | 4,513 | 6,057 | 7,208 | 248,228 | 8,636 | 13,095 | 11,903 | 364,982 | 11,596 | 254,545 | 285,162 | 252,671 | 232,876 | 123,496 | 231,408 |
| 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 |
| Quick ratio | 0.48 | 0.34 | 0.48 | 0.44 | 0.57 | 0.64 | 0.88 | 0.90 | 1.68 | 0.56 | 0.51 | 0.56 | 1.44 | 0.70 | 2.00 | 2.18 | 2.29 | 2.25 | 2.02 | 2.05 |
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, which measures the company's ability to meet its short-term obligations using its most liquid assets, has exhibited some fluctuations over the periods analyzed.
From March 31, 2020, to June 30, 2021, the quick ratio remained relatively stable, ranging between 2.05 and 2.00, indicating a strong ability to cover short-term liabilities with liquid assets. However, there was a significant decline in the quick ratio in the following quarters.
By September 30, 2021, the quick ratio dropped sharply to 0.70, suggesting a potential strain on the company's short-term liquidity position. This trend continued into the next quarter, reaching a low of 0.51 by June 30, 2022. Subsequently, there was some improvement in the quick ratio, with values ranging between 0.56 and 1.68 until December 31, 2022.
The quick ratio declined again to 0.44 by March 31, 2024, indicating a potential liquidity challenge for the company. However, it increased slightly to 0.48 by June 30, 2024, before decreasing to 0.34 by September 30, 2024. The quick ratio then rebounded to 0.48 by December 31, 2024.
Overall, the quick ratio of Steven Madden Ltd has shown fluctuations, with periods of strong liquidity followed by declines in short-term liquidity. It is essential for the company to closely monitor its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024