Steven Madden Ltd (SHOO)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,347,940 | 1,257,990 | 1,355,540 | 1,137,760 | 1,278,650 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,347,940K
= 0.00
The debt-to-assets ratio of Steven Madden Ltd. has consistently been 0.00 for the past five years, indicating that the company has not used any debt to finance its operations and investments during this period. This suggests that Steven Madden Ltd. has been funding its assets entirely through equity or other non-debt financing sources.
A debt-to-assets ratio of 0.00 may signify a strong financial position and lower financial risk for the company, as it is not burdened by debt obligations that could impact its liquidity or solvency. However, it is important to note that while having no debt can be beneficial in terms of financial stability, it may also imply missed opportunities for leveraging debt for potential growth or tax benefits.
Overall, the consistent 0.00 debt-to-assets ratio for Steven Madden Ltd. suggests a conservative financing strategy focused on maintaining a debt-free capital structure and potentially prioritizing financial stability and liquidity over leveraging debt for growth.
Peer comparison
Dec 31, 2023