Caleres Inc (CAL)
Solvency ratios
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 3.16 | 3.22 | 3.22 | 4.37 | 4.37 |
Caleres Inc's solvency ratios indicate a strong financial position with consistently low levels of debt relative to its assets, capital, and equity over the years analyzed. The Debt-to-assets ratio, Debt-to-capital ratio, and Debt-to-equity ratio were all 0.00 throughout the years, signaling that the company has no significant reliance on debt to finance its operations.
Additionally, the Financial leverage ratio decreased steadily from 4.37 in January 2023 to 3.16 in January 2025. This decrease suggests that Caleres Inc has been reducing its financial leverage and is becoming less reliant on debt to support its operations. Lower financial leverage ratios indicate a healthier balance sheet and less financial risk for the company.
Overall, based on the solvency ratios analyzed, Caleres Inc appears to have a strong solvency position and is managing its debt levels prudently to maintain financial stability and sustainability.
Coverage ratios
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | |
|---|---|---|---|---|---|
| Interest coverage | 10.68 | 648.18 | 10.37 | 15.94 | 15.03 |
Caleres Inc's interest coverage ratio, which measures the company's ability to meet its interest obligations, has exhibited some fluctuations over the past few years. In January 2023, the interest coverage ratio was 15.03, indicating that the company generated earnings 15.03 times greater than its interest expenses. This ratio improved slightly to 15.94 by January 31, 2023.
However, there was a significant decline in the interest coverage ratio to 10.37 by January 31, 2024, suggesting a potential decrease in the company's earnings relative to its interest payments. This unexpected drop was followed by a remarkable increase in the interest coverage ratio to 648.18 by February 3, 2024, reflecting a substantial improvement in Caleres Inc's ability to cover its interest expenses.
Subsequently, by January 31, 2025, the interest coverage ratio decreased to 10.68, albeit still above the industry average. Overall, Caleres Inc's interest coverage ratio has shown some fluctuations, with the company demonstrating strong capability to cover its interest costs, albeit with some variability in performance over the analyzed period.