Skechers USA Inc (SKX)

Interest coverage

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	719,148	688,758	608,925	534,967	485,923	463,462	479,914	538,485	510,428	490,460	446,428	196,514	123,385	150,136	194,100	359,583	442,813	432,082	412,962	375,907
Interest expense (ttm)	US$ in thousands	22,400	22,400	21,800	20,400	19,800	18,200	16,400	15,200	14,800	15,672	17,015	18,419	16,318	13,752	11,121	8,222	7,500	7,299	6,486	6,045
Interest coverage		32.10	30.75	27.93	26.22	24.54	25.46	29.26	35.43	34.49	31.30	26.24	10.67	7.56	10.92	17.45	43.73	59.04	59.20	63.67	62.18

December 31, 2023 calculation

Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $719,148K ÷ $22,400K
= 32.10

As the table does not provide specific data on interest expense and earnings, the interest coverage ratio for Skechers U S A, Inc. cannot be calculated for each quarter presented. The interest coverage ratio is typically computed by dividing a company's earnings before interest and taxes (EBIT) by its interest expense. A higher ratio indicates a greater ability to meet interest obligations from operating earnings. Without the necessary figures for both EBIT and interest expense, a thorough analysis of Skechers U S A, Inc.'s interest coverage cannot be made based on the data provided.

Peer comparison

Dec 31, 2023

Company name

Symbol

Interest coverage

Skechers USA Inc

SKX

32.10

Wolverine World Wide Inc

WWW

-3.90