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Lowest Current Ratio in the Footwear Industry Detected in Shares of Crocs Inc (CROX, NKE, SHOO, SKX, DECK)

By David Diaz

Below are the three companies in the Footwear industry with the lowest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.

Crocs Inc ranks lowest with a a current ratio of 2.7. Following is Nike Inc -Cl B with a a current ratio of 2.9. Steven Madden ranks third lowest with a a current ratio of 3.1.

Skechers Usa-A follows with a a current ratio of 3.5, and Deckers Outdoor rounds out the bottom five with a a current ratio of 5.2.

SmarTrend recommended that its subscribers protect gains by selling shares of Steven Madden on September 25th, 2018 by issuing a Downtrend alert when the shares were trading at $82.50. Since that call, shares of Steven Madden have fallen 63.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: lowest current ratio crocs inc nike inc -cl b steven madden skechers usa-a deckers outdoor