Skechers USA Inc (SKX)
Financial leverage ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 7,547,350 | 6,893,490 | 6,491,280 | 5,812,370 | 4,892,940 |
| Total stockholders’ equity | US$ in thousands | 4,019,340 | 3,569,990 | 3,259,340 | 2,481,440 | 2,314,660 |
| Financial leverage ratio | 1.88 | 1.93 | 1.99 | 2.34 | 2.11 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $7,547,350K ÷ $4,019,340K
= 1.88
The financial leverage ratio of Skechers U S A, Inc. has shown a decreasing trend from 2.11 in 2019 to 1.88 in 2023. This indicates that the company has been gradually reducing its reliance on debt to finance its operations and growth. A lower financial leverage ratio suggests that Skechers U S A, Inc. is becoming less leveraged and may be in a stronger financial position with less financial risk. It is important to note the decrease in the financial leverage ratio over the years, as it signals a potential improvement in the company's overall financial health and stability.
Peer comparison
Dec 31, 2023