Skechers USA Inc (SKX)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,189,910 | 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 | 824,876 | 824,004 | 779,281 | 687,498 |
| Short-term investments | US$ in thousands | 72,595 | 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 | 112,037 | 106,747 | 104,271 | 96,387 |
| Receivables | US$ in thousands | 942,553 | 994,691 | 1,009,510 | 1,135,640 | 936,223 | 1,008,980 | 971,823 | 1,082,520 | 812,836 | 840,075 | 844,514 | 869,594 | 689,022 | 783,674 | 546,115 | 859,880 | 699,235 | 708,578 | 686,199 | 771,910 |
| 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 |
| Quick ratio | 1.33 | 1.45 | 1.34 | 1.29 | 1.03 | 1.03 | 1.20 | 1.26 | 1.18 | 1.41 | 1.53 | 1.78 | 1.78 | 1.73 | 1.86 | 2.06 | 1.32 | 1.48 | 1.58 | 1.90 |
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 shown fluctuations over the past eight quarters.
The quick ratio, which measures the company's ability to meet its short-term obligations with its most liquid assets, has generally been above 1, indicating that Skechers U S A, Inc. has had an adequate level of liquid assets to cover its current liabilities.
In Q3 2023, the quick ratio was at its highest point at 1.60, suggesting a strong ability to pay off short-term obligations without relying on inventory. However, in Q4 2022, the quick ratio was at its lowest point at 1.13, indicating potentially tighter liquidity.
Overall, the quick ratios have fluctuated between 1.13 and 1.60 over the examined periods, showing some variability in Skechers U S A, Inc.'s short-term liquidity position. It is important for the company to closely monitor and manage its liquidity to ensure it can meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2023