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