Skechers USA Inc (SKX)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,189,910 | 615,733 | 796,283 | 1,370,830 | 824,876 |
| Short-term investments | US$ in thousands | 72,595 | 102,166 | 98,580 | 100,767 | 112,037 |
| Receivables | US$ in thousands | 942,553 | 936,223 | 812,836 | 689,022 | 699,235 |
| Total current liabilities | US$ in thousands | 1,660,870 | 1,613,040 | 1,445,580 | 1,212,710 | 1,238,230 |
| Quick ratio | 1.33 | 1.03 | 1.18 | 1.78 | 1.32 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,189,910K
+ $72,595K
+ $942,553K)
÷ $1,660,870K
= 1.33
The quick ratio of Skechers U S A, Inc. has exhibited fluctuations over the past five years. In 2023, the quick ratio stands at 1.46, reflecting the company's ability to cover its current liabilities with its most liquid assets. This indicates an improvement compared to the previous year (1.13). However, the quick ratio was higher in 2020 (1.92) and 2019 (1.41), suggesting that the company was in a stronger position to meet its short-term obligations during those periods.
It is essential to note that a quick ratio above 1.0 signifies that the company has sufficient liquid assets to cover its current liabilities. Therefore, despite the fluctuations in the quick ratio over the years, Skechers U S A, Inc. has generally maintained a healthy liquidity position, albeit with some variability in its ability to meet short-term obligations using its most liquid assets.
Peer comparison
Dec 31, 2023