Skechers USA Inc (SKX)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 2,819,590 | 2,627,380 | 2,492,540 | 2,381,800 |
| 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 |
| Current ratio | 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 | 2.28 | 2.37 | 2.51 | 2.91 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,952,600K ÷ $1,660,870K
= 2.38
Based on the historical data provided, Skechers U S A, Inc. has exhibited a consistent and healthy current ratio over the past eight quarters. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has generally remained above 2.0, indicating that Skechers has more than enough current assets to meet its short-term obligations.
The current ratio peaked at 2.52 in Q3 2023, reflecting a temporary increase in liquidity compared to the previous quarters. Despite a slight decline in Q4 2023 to 2.38, the ratio remains well above the threshold of 2.0, which is considered favorable for most businesses.
This trend suggests that Skechers U S A, Inc. has maintained strong liquidity and working capital management over the last two years. A current ratio consistently above 2.0 indicates a healthy financial position, enabling the company to meet its short-term obligations without facing liquidity constraints. Overall, the current ratio analysis implies that Skechers U S A, Inc. has effectively managed its current assets and liabilities to support its ongoing operations and growth.
Peer comparison
Dec 31, 2023