Shoe Carnival Inc (SCVL)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 108,680 | 77,235 | 71,633 | 56,919 | 99,000 | 99,000 | 59,895 | 59,895 | 34,562 | 34,562 | 32,587 | 32,587 | 51,372 | 51,400 | 37,168 | 37,168 | 51,620 | 51,620 | 86,179 | 117,443 |
| Short-term investments | US$ in thousands | 14,432 | 13,866 | 12,831 | 12,555 | 12,247 | 12,247 | 11,226 | 11,226 | 12,218 | 12,218 | 11,535 | 11,535 | 11,601 | 11,601 | 10,353 | 10,353 | 10,994 | 10,994 | 10,965 | 14,961 |
| Total current liabilities | US$ in thousands | 130,425 | 135,765 | 159,990 | 149,197 | 127,875 | 127,875 | 121,429 | 121,429 | 154,763 | 154,763 | 135,244 | 135,244 | 157,285 | 157,285 | 163,757 | 163,757 | 189,242 | 189,242 | 199,367 | 153,708 |
| Cash ratio | 0.94 | 0.67 | 0.53 | 0.47 | 0.87 | 0.87 | 0.59 | 0.59 | 0.30 | 0.30 | 0.33 | 0.33 | 0.40 | 0.40 | 0.29 | 0.29 | 0.33 | 0.33 | 0.49 | 0.86 |
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 of Shoe Carnival Inc has fluctuated over the reported periods, ranging from a low of 0.29 to a high of 0.94. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates that a company has more cash on hand relative to its short-term obligations, which can be seen as a positive sign of financial health and liquidity.
Shoe Carnival Inc's cash ratio has shown variability over time, with some periods showing a stronger cash position compared to others. The company experienced a significant increase in its cash ratio from January 31, 2024, to January 31, 2025, reaching its highest level of 0.94, which suggests a stronger ability to meet short-term obligations through its cash reserves during that period.
However, it is worth noting that the cash ratio dropped from 0.94 on January 31, 2025, to 0.67 on October 31, 2024, indicating a decrease in the proportion of cash to short-term liabilities. This reduction may signal potential challenges in meeting short-term obligations solely from cash holdings during the October 31, 2024 period.
Overall, while Shoe Carnival Inc has demonstrated some fluctuations in its cash ratio, the company has generally maintained a reasonable level of liquidity over the reported periods, with a high of 0.94 indicating a strong cash position as of January 31, 2025. Nonetheless, ongoing monitoring of the cash ratio is essential to assess the company's liquidity position comprehensively.
Peer comparison
Jan 31, 2025