Skechers USA Inc (SKX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,449,420 | 3,952,600 | 3,646,270 | 3,372,240 | 3,344,350 |
| Total current liabilities | US$ in thousands | 2,256,480 | 1,660,870 | 1,613,040 | 1,445,580 | 1,212,710 |
| Current ratio | 1.97 | 2.38 | 2.26 | 2.33 | 2.76 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,449,420K ÷ $2,256,480K
= 1.97
Skechers USA Inc's current ratio has shown a varying trend over the past five years. The company's current ratio was 2.76 as of December 31, 2020, indicating a healthy liquidity position with 2.76 times more current assets than current liabilities. However, there was a decline in the current ratio to 2.33 by December 31, 2021, and further to 2.26 by December 31, 2022. This downward trend may suggest potential challenges in meeting short-term obligations with available current assets.
Subsequently, the current ratio improved slightly to 2.38 by December 31, 2023, indicating a better liquidity position compared to the previous year. However, by December 31, 2024, the current ratio decreased to 1.97, falling below the ideal value of 2.0. This decline could raise concerns about the company's ability to cover its short-term liabilities using its current assets efficiently.
Overall, while the current ratio of Skechers USA Inc has fluctuated over the years, it is essential for the company to closely monitor and manage its liquidity position to ensure sufficient resources are available to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024