What is Skechers USA Cash, Cash Equivalents, Marketable Securities?
Skechers USA‘s quarterly cash, cash equivalents, marketable securities
declined
from Dec. 2023 ($1,262.51 Mil) to Mar. 2024 ($1,109.02 Mil) but then
increased
from Mar. 2024 ($1,109.02 Mil) to Jun. 2024 ($1,410.54 Mil).
Skechers USA‘s annual cash, cash equivalents, marketable securities
declined
from Dec. 2021 ($894.86 Mil) to Dec. 2022 ($717.90 Mil) but then
increased
from Dec. 2022 ($717.90 Mil) to Dec. 2023 ($1,262.51 Mil).
Skechers USA Cash, Cash Equivalents, Marketable Securities Historical Data
The historical data trend for Skechers USA‘s Cash, Cash Equivalents, Marketable Securities can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company’s associated stock exchange currency.
Skechers USA Cash, Cash Equivalents, Marketable Securities Chart
Skechers USA Cash, Cash Equivalents, Marketable Securities Calculation
Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.
Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.
Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.
A high number means either:
1) The company has competitive advantage generating lots of cash
2) Just sold a business or bonds (not necessarily good)
A low stockpile of cash usually means poor to mediocre economics.
There are 3 ways to create large cash reserve.
1) Sell new bonds or equity to public
2) Sell business or asset
3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)
When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.
Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.
Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.
Skechers USA Cash, Cash Equivalents, Marketable Securities Related Terms
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Skechers USA Business Description
Traded in Other Exchanges
Address
228 Manhattan Beach Boulevard, Manhattan Beach, CA, USA, 90266
Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women’s shoes, men’s shoes, girl’s shoes, boy’s shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques, and internet retailers. The company’s operating segments include Wholesale, and Direct-to-Consumer. It generates maximum revenue from the Wholesale segment.
Executives
| Robert Greenberg | director, 10 percent owner, officer: Chief Executive Officer | SKECHERS USA INC, 228 MANHATTAN BEACH BLVD, MANHATTAN BEACH CA 90266 |
| Michael Greenberg | director, officer: President | SKECHERS USA INC, 228 MANHATTAN BEACH BLVD, MANHATTAN BEACH CA 90266 |
| Phillip Paccione | officer: General Counsel & Secretary | |
| Katherine J. Blair | director | 228 MANHATTAN BEACH BOULEVARD, MANHATTAN BEACH CA 90266 |
| Richard Siskind | director | C/O R SISKIND & CO, 1385 BROADWAY, NEW YORK NY 10018 |
| Mark A Nason | officer: Executive VP | |
| David Weinberg | director, officer: Chief Operating Officer | |
| Yolanda Macias | director | 228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266 |
| Zulema Garcia | director | 228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266 |
| Jeffrey Greenberg | director | |
| Thomas Walsh | director | 12548 W. FETLOCK TRAIL, PEORIA AZ 85383 |
| Richard Rappaport | director | 1900 AVENUE OF THE STARS, SUITE 301, LOS ANGELES CA 90067 |
| John M Vandemore | officer: Chief Financial Officer | 6355 S. BUFFALO DRIVE, LAS VEGAS NV 89521 |
| Morton D Erlich | director | 228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266 |
| Geyer Kosinski | director |
