Shoe Carnival Inc (SCVL)
Cash ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 99,000 | 51,400 | 117,443 | 106,532 | 61,900 |
| Short-term investments | US$ in thousands | 12,247 | 11,601 | 14,961 | 0 | — |
| Total current liabilities | US$ in thousands | 127,875 | 157,285 | 153,708 | 130,901 | 122,506 |
| Cash ratio | 0.87 | 0.40 | 0.86 | 0.81 | 0.51 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($99,000K
+ $12,247K)
÷ $127,875K
= 0.87
The cash ratio of Shoe Carnival Inc has shown fluctuations over the past five years. The cash ratio measures a company's ability to cover its short-term obligations with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term liabilities.
In the most recent fiscal year, as of February 3, 2024, Shoe Carnival Inc had a cash ratio of 0.87, indicating that the company had $0.87 in cash and cash equivalents for every $1 of current liabilities. This represents a significant improvement compared to the previous year's cash ratio of 0.40.
Looking back further, the cash ratio was 0.86 in January 29, 2022, and 0.81 in January 30, 2021, showing a relatively stable trend in maintaining a healthy cash position over these years.
However, the cash ratio was slightly lower in February 1, 2020, at 0.51, indicating a decrease in the company's ability to cover short-term obligations with available cash at that time.
Overall, the upward trend in Shoe Carnival Inc's cash ratio in recent years suggests an improved liquidity position and better ability to meet its short-term obligations with cash on hand.
Peer comparison
Feb 3, 2024