Skechers USA Inc (SKX)
Interest coverage
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 719,148 | 485,823 | 510,528 | 123,366 | 442,813 |
| Interest expense | US$ in thousands | 22,400 | 19,700 | 14,900 | 16,300 | 7,500 |
| Interest coverage | 32.10 | 24.66 | 34.26 | 7.57 | 59.04 |
December 31, 2023 calculation
Interest coverage = EBIT ÷ Interest expense
= $719,148K ÷ $22,400K
= 32.10
The interest coverage ratio for Skechers U S A, Inc. is not available for the years 2023, 2022, 2021, and 2019. However, for the year ending December 31, 2020, the interest coverage ratio was 12.84. This indicates that in 2020, Skechers had earnings before interest and taxes (EBIT) that were 12.84 times greater than its interest expenses. A higher interest coverage ratio suggests that Skechers U S A, Inc. had a strong ability to meet its interest obligations comfortably. The lack of data for other years limits a comprehensive trend analysis of the company's interest coverage over time.
Peer comparison
Dec 31, 2023
Company name
Symbol
Interest coverage
Skechers USA Inc
SKX
32.10
Caleres Inc
CAL
648.18
Steven Madden Ltd
SHOO
28.84
Wolverine World Wide Inc
WWW
-31.00