Steven Madden Ltd (SHOO)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.62 | 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 |
Based on the provided solvency ratios of Steven Madden Ltd., we observe that the company has consistently maintained a debt-free capital structure with debt-to-assets, debt-to-capital, and debt-to-equity ratios all at 0.00 across all quarters. This indicates that the company is primarily funded through equity rather than debt.
Furthermore, the financial leverage ratio, which measures the extent to which a company is using debt to finance its operations, shows some fluctuations over the quarters. In Q4 2023, the financial leverage ratio increased to 1.62 from 1.47 in Q1 2023. This suggests that the company's dependency on debt to support its operations slightly increased in the most recent quarter compared to the beginning of the year.
Overall, Steven Madden Ltd. appears to have a strong solvency position with minimal reliance on debt financing, as indicated by the consistently low debt ratios over the quarters. However, the increase in the financial leverage ratio in Q4 2023 may warrant further investigation to ensure that the company's financial health and risk exposure are effectively managed.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest coverage | — | 379.09 | 109.92 | 186.14 | 86.45 | 100.38 | 160.43 | 202.36 | 159.32 | 2.34 | 0.65 | 0.16 | -0.19 | -0.39 | 1.84 | 4.10 | 20.43 | 21.34 | 22.09 | 61.00 |
Based on the available data, there is no specific information provided for Steven Madden Ltd.'s interest coverage ratio for the quarters mentioned. Without the actual figures for interest expenses and earnings before interest and taxes (EBIT), it is not possible to calculate the interest coverage ratio. As a key financial metric, the interest coverage ratio indicates a company's ability to meet its interest obligations with its operating income. It is essential for investors and creditors to evaluate a company's financial health and risk of default. Therefore, further data is required to assess Steven Madden Ltd.'s ability to cover its interest expenses adequately.