Skechers USA Inc (SKX)
Cash 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,189,910 | 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 | 824,876 | 824,004 | 779,281 | 687,498 |
| Short-term investments | US$ in thousands | 72,595 | 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 | 112,037 | 106,747 | 104,271 | 96,387 |
| Total current liabilities | US$ in thousands | 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 | 1,238,230 | 1,106,810 | 994,573 | 819,174 |
| Cash ratio | 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 | 0.76 | 0.84 | 0.89 | 0.96 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,189,910K
+ $72,595K)
÷ $1,660,870K
= 0.76
The cash ratio of Skechers U S A, Inc. has shown an upward trend over the past eight quarters, indicating a strengthening liquidity position. The cash ratio, which measures the company's ability to cover its short-term liabilities using only cash and cash equivalents, has increased from 0.55 in Q4 2022 to 0.89 in Q4 2023.
This suggests that Skechers U S A, Inc. has a higher proportion of cash compared to its current liabilities, which is a positive sign as it implies that the company has enough liquid assets to meet its immediate financial obligations. The steady improvement in the cash ratio reflects efficient cash management practices and prudent financial decision-making by the company.
Overall, the increasing trend in the cash ratio of Skechers U S A, Inc. signifies a strong liquidity position and financial stability, which bodes well for the company's ability to weather unforeseen financial challenges and capitalize on business opportunities in the future.
Peer comparison
Dec 31, 2023