Skechers USA Inc (SKX)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,019,340 | 3,952,130 | 3,839,350 | 3,714,850 | 3,569,990 | 3,458,700 | 3,416,260 | 3,367,820 | 3,259,340 | 2,841,500 | 2,733,460 | 2,576,130 | 2,481,440 | 2,402,400 | 2,224,720 | 2,347,720 | 2,314,660 | 2,174,500 | 2,132,910 | 2,062,530 |
| Debt-to-capital ratio | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.07 | 0.09 | 0.09 | 0.22 | 0.21 | 0.22 | 0.23 | 0.22 | 0.02 | 0.02 | 0.04 | 0.04 |
December 31, 2023 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $242,944K ÷ ($242,944K + $4,019,340K)
= 0.06
The debt-to-capital ratio of Skechers U S A, Inc. has shown a relatively stable trend over the eight quarters presented. The ratio ranged from 0.07 to 0.10 during the period. A lower debt-to-capital ratio indicates that the company relies less on debt financing relative to its total capital, which can be seen as a positive sign of financial health and lower financial risk.
In Q4 2023, the debt-to-capital ratio was at 0.07, the lowest among the quarters analyzed, suggesting a conservative capital structure with a higher proportion of equity financing. This may indicate that the company has been managing its debt levels effectively and has a strong equity base to support its operations and growth.
Throughout the quarters, the ratio fluctuated slightly between 0.07 and 0.10, showing minor variations in the company's debt and capital mix. While the changes were not drastic, they could indicate adjustments in the company's capital structure or borrowing decisions in response to market conditions or strategic considerations.
Overall, Skechers U S A, Inc. has maintained a relatively low and stable debt-to-capital ratio, signaling a balanced approach to financing its operations. However, it is important to continue monitoring this ratio in conjunction with other financial metrics to assess the company's overall financial stability and leverage position effectively.
Peer comparison
Dec 31, 2023