Steven Madden Ltd (SHOO)
Debt-to-equity 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-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $829,598K
= 0.00
The debt-to-equity 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 relative to its equity during this period. A debt-to-equity ratio of 0.00 typically suggests that the company is relying solely on equity financing, which may imply lower financial risk as there is no additional debt burden on the business. It could also indicate that the company has a strong financial position and does not need to take on debt to fund its operations or growth. However, it is important to note that a debt-to-equity ratio of 0.00 may not always be ideal, as having some level of debt can also provide tax advantages and leverage for business expansion. Further analysis of the company's capital structure and overall financial health would be necessary to fully assess the implications of this consistent ratio over time.
Peer comparison
Dec 31, 2023