Steven Madden Ltd (SHOO)
Solvency ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.67 | 1.75 | 1.70 | 1.58 | 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 |
The solvency ratios of Steven Madden Ltd, including the debt-to-assets ratio, debt-to-capital ratio, debt-to-equity ratio, and financial leverage ratio, have remained consistently low and stable over the years. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have consistently been at 0.00, indicating that the company has not relied heavily on debt to finance its operations and that its assets are primarily funded through equity.
The financial leverage ratio, which measures the extent to which the company relies on debt in its capital structure, has shown some slight fluctuations but generally remained below 2.0. This suggests that the company has maintained a relatively conservative capital structure with a low level of financial leverage, indicating a lower financial risk.
Overall, based on these solvency ratios, Steven Madden Ltd appears to have a strong financial position and sound solvency, with a conservative approach to debt financing and a stable capital structure.
Coverage ratios
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 29.48 | 30.58 | 23.88 | 18.84 | 47.45 | 35.86 | 44.58 | 86.45 | 100.38 | 160.43 | 202.36 | 159.32 | 2.34 | 0.65 | 0.16 | -0.19 | -0.39 | 1.84 | 4.10 |
Based on the provided data, Steven Madden Ltd's interest coverage ratio has fluctuated significantly over the past few years. The interest coverage ratio indicates the company's ability to meet interest payments on its outstanding debt using its operating income.
From March 31, 2020, to September 30, 2021, the interest coverage ratio was consistently below 3, which suggests that the company may have had difficulty covering its interest expenses with its operating income during this period.
The ratio improved significantly by the end of December 31, 2021, and continued to strengthen through March 31, 2023. The substantial increase in the ratio during this period indicates that Steven Madden Ltd was generating significantly higher operating income to cover its interest expenses comfortably.
However, from March 31, 2023, onwards, there was a decline in the interest coverage ratio, indicating a potential decrease in the company's ability to cover its interest payments with its operating income. This could be a concern for the company's financial health if the trend continues.
Overall, it is essential for Steven Madden Ltd to closely monitor its interest coverage ratio to ensure it maintains a healthy level of coverage and does not face financial distress due to its interest obligations.