Skechers USA Inc (SKX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,116,520 | 1,354,050 | 1,280,430 | 1,020,460 | 1,148,600 | 1,100,400 | 896,514 | 760,040 | 615,733 | 508,281 | 751,904 | 589,908 | 796,283 | 952,076 | 1,091,360 | 1,284,540 | 1,370,830 | 1,294,220 | 1,352,120 | 1,158,770 |
| Short-term investments | US$ in thousands | 118,470 | 113,795 | 130,111 | 88,564 | 113,910 | 64,065 | 80,648 | 89,507 | 102,166 | 102,986 | 105,099 | 104,933 | 98,580 | 90,577 | 107,626 | 106,028 | 100,767 | 106,767 | 105,677 | 130,658 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.55 | 0.61 | 0.68 | 0.68 | 0.76 | 0.78 | 0.66 | 0.55 | 0.45 | 0.39 | 0.56 | 0.49 | 0.62 | 0.78 | 0.90 | 1.09 | 1.21 | 1.11 | 1.35 | 1.24 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,116,520K
+ $118,470K
+ $—K)
÷ $2,256,480K
= 0.55
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A ratio above 1 indicates that the company has enough quick assets to cover its current liabilities.
Analyzing Skechers USA Inc's quick ratio from March 31, 2020, to December 31, 2024, we observe a gradual decline in the ratio. The company's quick ratio started at a healthy level of 1.24 on March 31, 2020, indicating a strong ability to meet short-term obligations.
However, the quick ratio fluctuated over the next few years, showing a decreasing trend. As of December 31, 2024, the quick ratio stood at 0.55, indicating a significant decrease in liquidity compared to the starting point.
The decreasing trend in the quick ratio may signal potential challenges for Skechers USA Inc in meeting its short-term obligations with its liquid assets. It is essential for stakeholders to closely monitor this ratio to ensure the company's financial health and liquidity position.
Peer comparison
Dec 31, 2024