Steven Madden Ltd (SHOO)
Debt-to-capital ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 829,598 | 831,553 | 812,098 | 776,586 | 828,501 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $829,598K)
= 0.00
The debt-to-capital ratio for Steven Madden Ltd. has consistently been 0.00 for the past five years, from 2019 to 2023. This indicates that the company has not utilized debt as a significant portion of its capital structure during this period. A debt-to-capital ratio of 0.00 implies that all of the company's capital has been derived from sources other than debt, such as equity.
In practical terms, a low or zero debt-to-capital ratio suggests that Steven Madden Ltd. has not relied heavily on borrowing to finance its operations and investments. This could be seen as a positive sign of financial stability, as it implies a lower risk of default and less financial leverage. However, it is essential to consider the specific circumstances of the company and industry before making definitive conclusions about its financial health based solely on this ratio.
Peer comparison
Dec 31, 2023