Skechers USA Inc (SKX)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 8,455,760 | 8,646,040 | 7,974,950 | 7,567,440 | 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 |
| Total stockholders’ equity | US$ in thousands | 4,277,300 | 4,359,010 | 4,221,280 | 4,146,080 | 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 |
| Financial leverage ratio | 1.98 | 1.98 | 1.89 | 1.83 | 1.88 | 1.83 | 1.85 | 1.90 | 1.93 | 1.93 | 1.95 | 1.94 | 1.99 | 2.08 | 2.11 | 2.32 | 2.34 | 2.38 | 2.43 | 2.30 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $8,455,760K ÷ $4,277,300K
= 1.98
The financial leverage ratio of Skechers USA Inc has been fluctuating over the years. From March 31, 2020, where the ratio stood at 2.30, it gradually increased until June 30, 2020, reaching 2.43, and then decreased slightly to 2.38 by September 30, 2020. The ratio continued to decrease over the next few quarters, with values of 2.34 on December 31, 2020, and 2.32 on March 31, 2021.
A significant decline occurred in the financial leverage ratio from June 30, 2021 (2.11) to December 31, 2021 (1.99), signaling a reduction in the company's reliance on debt to finance its operations. This downward trend continued through the following quarters, with the ratio reaching 1.83 on March 31, 2024, before slightly rebounding to 1.98 by December 31, 2024.
Overall, the decreasing trend in Skechers USA Inc's financial leverage ratio indicates that the company has been decreasing its debt levels relative to its equity over the years, which could imply improved financial stability and a stronger equity position. However, it is essential to monitor this ratio over time to assess the company's capital structure and debt management strategies effectively.
Peer comparison
Dec 31, 2024