Steven Madden Ltd (SHOO)
Solvency ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.62 | 1.51 | 1.67 | 1.47 | 1.54 |
The solvency ratios of Steven Madden Ltd. provide insights into the company's ability to meet its financial obligations and the extent of its leverage.
The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio are all recorded as 0.00 for the past five years. This indicates that the company has not been relying on debt financing to fund its operations or growth activities during this period.
The Financial leverage ratio, on the other hand, has varied over the years, ranging from 1.47 in 2020 to 1.67 in 2021. A higher financial leverage ratio suggests that the company is using more debt to finance its assets compared to equity. In this case, the ratio increased from 1.47 in 2020 to 1.67 in 2021, indicating a higher proportion of debt in the capital structure in 2021 compared to 2020.
Overall, the stable Debt-to-assets, Debt-to-capital, and Debt-to-equity ratios at 0.00 indicate a conservative approach to debt usage by Steven Madden Ltd. However, the fluctuation in the Financial leverage ratio over the years suggests varying levels of leverage in the company's capital structure, which should be monitored to ensure optimal balance between debt and equity financing.
Coverage ratios
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Interest coverage | 28.84 | 416.63 | 159.32 | -0.20 | 43.14 |
I'm sorry, but without the specific values for interest expense and earnings before interest and taxes (EBIT), I am unable to calculate the interest coverage ratio for Steven Madden Ltd. and provide a detailed analysis based on that ratio. It is essential to have these figures to determine the company's ability to cover its interest obligations. If you can provide the necessary data, I would be happy to assist you in analyzing Steven Madden Ltd.'s interest coverage ratio.