Skechers USA Inc (SKX)

Solvency ratios

	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
Debt-to-assets ratio	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.05	0.05	0.12	0.12	0.12	0.13	0.12	0.01	0.01	0.02	0.02
Debt-to-capital ratio	0.06	0.06	0.06	0.06	0.06	0.06	0.07	0.07	0.07	0.09	0.09	0.22	0.21	0.22	0.23	0.22	0.02	0.02	0.04	0.04
Debt-to-equity ratio	0.06	0.06	0.06	0.06	0.06	0.07	0.07	0.08	0.08	0.10	0.10	0.28	0.27	0.28	0.31	0.29	0.02	0.02	0.05	0.05
Financial leverage ratio	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	2.11	2.10	2.07	2.00

Skechers U S A, Inc. maintains sound solvency levels based on key solvency ratios over the past eight quarters. The debt-to-assets ratio has remained relatively stable, hovering between 0.04 and 0.06, indicating that the company finances a minimal proportion of its assets through debt. This suggests a conservative approach to leverage.

Similarly, the debt-to-capital and debt-to-equity ratios have also shown consistency, with values ranging from 0.07 to 0.10 and 0.07 to 0.11, respectively. These ratios reflect the proportion of debt in the company's capital structure and its relationship with shareholders' equity. The steady trend in these ratios indicates a balanced mix of debt and equity in Skechers' financing strategy.

The financial leverage ratio, averaging around 1.88 to 1.95 over the quarters, signifies the company's ability to meet its financial obligations through a combination of debt and equity. While there has been some fluctuation, the overall trend suggests that Skechers U S A, Inc. has a stable capital structure, with an appropriate level of leverage to support its operations and growth initiatives.

In conclusion, based on the solvency ratios analyzed, Skechers U S A, Inc. appears to have a healthy financial position, maintaining prudently managed levels of debt relative to assets, capital, and equity.

Coverage ratios

	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
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

As the interest coverage ratios for Skechers U S A, Inc. are not available in the provided data for Q4 2023, Q3 2023, Q2 2023, Q1 2023, Q4 2022, Q3 2022, Q2 2022, and Q1 2022, a detailed analysis of the company's ability to cover its interest expenses with its earnings cannot be conducted. The interest coverage ratio is a key financial metric that indicates a company's ability to meet its interest obligations using its operating income. It is calculated by dividing earnings before interest and taxes (EBIT) by interest expense.

Without access to the specific interest coverage ratios for Skechers U S A, Inc., it is challenging to assess how effectively the company is managing its interest obligations in relation to its earnings over the specified quarters. It is vital for investors and stakeholders to closely monitor changes in the interest coverage ratio as it can highlight the company's financial health, risk of default, and overall leverage position.