Skechers USA Inc (SKX)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,116,520 | 1,354,050 | 1,280,430 | 1,020,460 | 1,148,600 | 1,100,400 | 896,514 | 760,040 | 615,733 | 508,281 | 751,904 | 589,908 | 796,283 | 952,076 | 1,091,360 | 1,284,540 | 1,370,830 | 1,294,220 | 1,352,120 | 1,158,770 |
| Short-term investments | US$ in thousands | 118,470 | 113,795 | 130,111 | 88,564 | 113,910 | 64,065 | 80,648 | 89,507 | 102,166 | 102,986 | 105,099 | 104,933 | 98,580 | 90,577 | 107,626 | 106,028 | 100,767 | 106,767 | 105,677 | 130,658 |
| Total current liabilities | US$ in thousands | 2,256,480 | 2,396,660 | 2,061,240 | 1,642,530 | 1,660,870 | 1,493,530 | 1,477,300 | 1,539,630 | 1,613,040 | 1,576,820 | 1,527,680 | 1,405,770 | 1,445,580 | 1,336,950 | 1,338,300 | 1,271,380 | 1,212,710 | 1,260,440 | 1,076,790 | 1,042,990 |
| Cash ratio | 0.55 | 0.61 | 0.68 | 0.68 | 0.76 | 0.78 | 0.66 | 0.55 | 0.45 | 0.39 | 0.56 | 0.49 | 0.62 | 0.78 | 0.90 | 1.09 | 1.21 | 1.11 | 1.35 | 1.24 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,116,520K
+ $118,470K)
÷ $2,256,480K
= 0.55
The cash ratio of Skechers USA Inc has shown a declining trend over the years, indicating a decreasing ability to cover short-term liabilities solely with cash and cash equivalents. The ratio stood at 1.24 as of March 31, 2020, and gradually decreased to 0.55 by December 31, 2024. This decline suggests a potential liquidity risk for the company, as it has less liquid assets available to meet its immediate financial obligations. Management may need to closely monitor and possibly improve the company's cash management practices to ensure sufficient liquidity levels in the future.
Peer comparison
Dec 31, 2024