Skechers USA Inc (SKX)

Current 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
Total current assets US$ in thousands 4,449,420 4,698,510 4,254,020 3,930,390 3,952,600 3,767,750 3,669,690 3,709,980 3,646,270 3,581,880 3,569,970 3,425,600 3,372,240 3,302,680 3,246,040 3,464,740 3,344,350 3,385,630 3,136,790 3,230,410
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
Current ratio 1.97 1.96 2.06 2.39 2.38 2.52 2.48 2.41 2.26 2.27 2.34 2.44 2.33 2.47 2.43 2.73 2.76 2.69 2.91 3.10

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 exhibited some fluctuations over the past few years. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, stood at a healthy 3.10 as of March 31, 2020, indicating a strong liquidity position. However, this ratio gradually decreased over the next few quarters, reaching its lowest point of 1.96 as of September 30, 2024.

While there has been some variability in the current ratio, overall, Skechers USA Inc has maintained a current ratio above 1 throughout the period, signaling that the company has been able to meet its short-term obligations. It is important to note that a current ratio below 1 may indicate financial difficulties in meeting short-term liabilities.

Investors and stakeholders should continue to monitor Skechers USA Inc's current ratio to assess its liquidity position and ability to manage short-term financial obligations effectively.


Peer comparison

Dec 31, 2024

Company name
Symbol
Current ratio
Skechers USA Inc
SKX
1.97
Caleres Inc
CAL
1.10
Steven Madden Ltd
SHOO
2.16
Wolverine World Wide Inc
WWW
1.29