Skechers USA Inc (SKX)
Debt-to-equity 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-equity ratio | 0.06 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 | 0.07 | 0.08 | 0.08 | 0.10 | 0.10 | 0.28 | 0.27 | 0.28 | 0.31 | 0.29 | 0.02 | 0.02 | 0.05 | 0.05 |
December 31, 2023 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $242,944K ÷ $4,019,340K
= 0.06
The debt-to-equity ratio of Skechers U S A, Inc. has been relatively stable over the past eight quarters, fluctuating in a narrow range between 0.07 and 0.11. A decreasing trend can be observed from Q4 2022 to Q2 2023, indicating a lower reliance on debt financing compared to equity during this period.
With a debt-to-equity ratio consistently below 1.0 in all quarters, it suggests that the company has been financing its operations more through equity rather than debt. This conservative approach to capital structure management indicates a lower financial risk as the company is less leveraged.
Overall, Skechers U S A, Inc. maintains a healthy balance between debt and equity in its capital structure, which could provide stability and financial flexibility to support its growth and operational activities. The slight variations in the debt-to-equity ratio over the quarters may be due to changes in borrowing levels, profitability, or equity issuance.
Peer comparison
Dec 31, 2023