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