Steven Madden Ltd (SHOO)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,347,940 | 1,292,230 | 1,270,240 | 1,205,120 | 1,257,990 | 1,226,240 | 1,313,290 | 1,278,530 | 1,355,540 | 1,300,060 | 1,173,140 | 1,168,940 | 1,137,760 | 1,104,410 | 1,132,390 | 1,145,900 | 1,278,650 | 1,282,460 | 1,281,560 | 1,209,750 |
| Total stockholders’ equity | US$ in thousands | 829,598 | 837,038 | 824,516 | 821,042 | 831,553 | 842,303 | 833,534 | 835,215 | 812,098 | 798,830 | 774,335 | 787,528 | 776,586 | 756,120 | 755,084 | 761,207 | 828,501 | 838,738 | 818,354 | 819,695 |
| Financial leverage ratio | 1.62 | 1.54 | 1.54 | 1.47 | 1.51 | 1.46 | 1.58 | 1.53 | 1.67 | 1.63 | 1.52 | 1.48 | 1.47 | 1.46 | 1.50 | 1.51 | 1.54 | 1.53 | 1.57 | 1.48 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,347,940K ÷ $829,598K
= 1.62
The financial leverage ratio of Steven Madden Ltd. has experienced fluctuations over the past eight quarters, ranging from 1.46 to 1.62. This ratio indicates that the company is primarily utilizing debt to finance its operations and growth initiatives.
The upward trend in the financial leverage ratio in Q4 2023 suggests an increase in the company's reliance on debt to support its activities compared to the previous quarters. A higher financial leverage ratio can indicate potential risks, such as increased financial obligations and vulnerability to economic downturns.
On the other hand, the decrease in the ratio in Q1 2023 compared to the previous quarter may reflect some reduction in the company's debt levels or an increase in equity financing. It is important for investors and stakeholders to closely monitor changes in the financial leverage ratio to assess the company's ability to meet its debt obligations and manage financial risks effectively.
Peer comparison
Dec 31, 2023