Steven Madden Ltd (SHOO)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 264,101 | 167,492 | 212,664 | 160,256 |
| Short-term investments | US$ in thousands | 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 | 40,521 | 27,452 | 36,096 | 61,383 |
| Receivables | US$ in thousands | -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 | 216,471 | 297,722 | 285,227 | 264,518 |
| 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 |
| Quick ratio | 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 | 1.85 | 1.95 | 1.89 | 2.38 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($204,640K
+ $15,173K
+ $-4,828K)
÷ $377,624K
= 0.57
The quick ratio of Steven Madden Ltd. has shown some fluctuations over the past eight quarters, ranging from 1.58 to 2.29. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.
In Q4 2023, the quick ratio was 1.66, indicating that the company had $1.66 in liquid assets available to cover each dollar of its current liabilities. This was lower than the quick ratios in Q3 and Q2 of 2023, which were 1.95. The peak quick ratio in this period was observed in Q1 2023 at 2.29.
Overall, the company's quick ratio has demonstrated some variability, but it has generally remained above 1, indicating that Steven Madden Ltd. has a healthy level of liquidity to meet its short-term obligations. It is essential to continue monitoring this ratio to ensure the company's liquidity position remains stable and adequate.
Peer comparison
Dec 31, 2023