Skechers USA Inc (SKX)
Financial leverage ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,455,760 | 7,547,350 | 6,893,490 | 6,491,280 | 5,812,370 |
| Total stockholders’ equity | US$ in thousands | 4,730,160 | 4,019,340 | 3,569,990 | 3,259,340 | 2,481,440 |
| Financial leverage ratio | 1.79 | 1.88 | 1.93 | 1.99 | 2.34 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,455,760K ÷ $4,730,160K
= 1.79
The financial leverage ratio for Skechers USA Inc has shown a decreasing trend over the years, indicating a trend towards lower financial leverage. From 2.34 in December 31, 2020, the ratio has decreased steadily to 1.79 by December 31, 2024. This suggests that the company has been relying less on debt financing in relation to its equity, which can be beneficial in terms of reducing financial risk and enhancing financial stability. A declining financial leverage ratio typically signifies a more conservative capital structure, which could lead to improved financial health and resilience in the face of economic uncertainties.
Peer comparison
Dec 31, 2024