Shoe Carnival Inc (SCVL)

Cash ratio

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Cash and cash equivalents	US$ in thousands	108,680	99,000	99,000	51,372	51,400
Short-term investments	US$ in thousands	14,432	12,247	12,247	11,601	11,601
Total current liabilities	US$ in thousands	130,425	127,875	127,875	157,285	157,285
Cash ratio		0.94	0.87	0.87	0.40	0.40

January 31, 2025 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($108,680K + $14,432K) ÷ $130,425K
= 0.94

The cash ratio for Shoe Carnival Inc has shown an upward trend over the past few years, starting at 0.40 in January 2023 and increasing steadily to 0.94 by January 31, 2025. This indicates that the company has improved its ability to cover its short-term liabilities with its available cash and cash equivalents. The rising cash ratio suggests that Shoe Carnival Inc has been more effective in managing its liquidity and could be better positioned to meet its financial obligations as they come due.

Peer comparison

Jan 31, 2025

Company name

Symbol

Cash ratio

Shoe Carnival Inc

SCVL

0.94

Boot Barn Holdings Inc