Caleres Inc (CAL)

Solvency ratios

Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019
Debt-to-assets ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.05 0.11 0.11 0.10 0.09 0.09 0.08 0.08 0.08 0.08
Debt-to-capital ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.29 0.50 0.50 0.44 0.45 0.41 0.24 0.24 0.24 0.24
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.42 0.99 1.00 0.78 0.83 0.71 0.31 0.31 0.32 0.32
Financial leverage ratio 3.22 3.56 4.09 4.07 4.37 4.89 5.34 5.47 5.79 6.23 7.61 8.89 9.32 7.90 8.72 7.88 3.76 3.80 4.24 3.97

Over the period from May 2019 to February 2024, Caleres Inc has maintained a consistent trend of low solvency ratios, indicating a strong financial position with minimal reliance on debt to finance its operations. The debt-to-assets, debt-to-capital, and debt-to-equity ratios have all remained at extremely low levels, consistently at 0.00 or close to it. This reflects the company's ability to fund its assets and operations primarily through equity or internally generated funds rather than debt.

Additionally, the financial leverage ratio has shown a steady increase over the period, indicating a generally higher reliance on debt financing compared to equity. However, even at the highest point recorded, the financial leverage ratio remains below 10, which suggests that the company has maintained a reasonable level of debt relative to its total assets and equity.

Overall, the solvency ratios indicate that Caleres Inc has strong financial stability and liquidity, with a low risk of financial distress due to manageable levels of debt. The company's conservative approach to leverage and balanced capital structure contribute to its overall financial health and ability to weather economic uncertainties.


Coverage ratios

Feb 3, 2024 Oct 28, 2023 Jul 29, 2023 Apr 29, 2023 Jan 28, 2023 Oct 29, 2022 Jul 30, 2022 Apr 30, 2022 Jan 29, 2022 Oct 30, 2021 Jul 31, 2021 May 1, 2021 Jan 30, 2021 Oct 31, 2020 Aug 1, 2020 May 2, 2020 Feb 1, 2020 Nov 2, 2019 Aug 3, 2019 May 4, 2019
Interest coverage 10.05 9.19 8.89 11.24 15.03 21.09 21.50 11.85 6.65 2.46 0.92 -0.82 -10.06 -10.21 -9.72 -9.62 3.13 0.12 -0.00 -0.26

Interest coverage is an important financial ratio that indicates a company's ability to meet its interest payments on outstanding debt. It is calculated by dividing a company's earnings before interest and taxes (EBIT) by its interest expenses. A higher interest coverage ratio is generally considered favorable as it suggests that the company has sufficient earnings to cover its interest obligations.

Based on the data provided for Caleres Inc, the interest coverage ratio fluctuates significantly over the periods indicated, ranging from a low of -10.21 to a high of 21.50. A positive interest coverage ratio indicates that the company is generating enough earnings to cover its interest payments, while a negative ratio implies that the company's earnings are insufficient to meet its interest obligations.

Analyzing the trend of Caleres Inc's interest coverage ratio, it appears to have experienced volatility over time. The ratio peaked at 21.50 in the third quarter of 2022, indicating robust earnings relative to interest expenses. However, in subsequent periods, the ratio fluctuated and even turned negative, which may raise concerns about the company's ability to service its debt.

Overall, it is important for investors and stakeholders to closely monitor Caleres Inc's interest coverage ratio to assess the company's financial health and ability to manage its debt obligations effectively. A stable and healthy interest coverage ratio is crucial for a company's long-term financial sustainability and growth prospects.