Skechers USA Inc (SKX)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 242,944 | 239,590 | 236,763 | 230,275 | 216,488 | 225,505 | 253,260 | 265,305 | 263,445 | 282,760 | 268,913 | 717,595 | 679,415 | 683,611 | 680,109 | 669,152 | 49,183 | 39,773 | 100,024 | 93,755 |
| Total assets | US$ in thousands | 7,547,350 | 7,239,260 | 7,107,660 | 7,044,470 | 6,893,490 | 6,678,640 | 6,676,600 | 6,545,110 | 6,491,280 | 5,901,580 | 5,764,730 | 5,985,570 | 5,812,370 | 5,711,390 | 5,408,050 | 5,395,020 | 4,892,940 | 4,566,200 | 4,421,240 | 4,127,410 |
| Debt-to-assets ratio | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.05 | 0.12 | 0.12 | 0.12 | 0.13 | 0.12 | 0.01 | 0.01 | 0.02 | 0.02 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $242,944K ÷ $7,547,350K
= 0.03
The debt-to-assets ratio for Skechers U S A, Inc. has remained relatively stable over the past eight quarters, ranging from 0.04 to 0.06. This ratio indicates that the company has maintained a conservative approach to debt management, with a low percentage of its assets financed by debt.
A ratio of 0.04 to 0.06 suggests that Skechers U S A, Inc. relies more on equity financing rather than debt to fund its operations and investments. The company has a solid financial position with a low level of debt relative to its total assets. This signifies a lower financial risk for the company as it has a strong ability to cover its debt obligations using its asset base.
Overall, the consistent low debt-to-assets ratio for Skechers U S A, Inc. reflects a prudent and sustainable financial strategy that aligns with the company's long-term stability and growth objectives.
Peer comparison
Dec 31, 2023