Shoe Carnival Inc (SCVL)
Cash ratio
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 99,000 | 59,895 | 34,562 | 32,587 | 51,400 | 37,168 | 51,620 | 86,179 | 117,443 | 173,364 | 146,506 | 174,643 | 106,532 | 46,740 | 76,885 | 13,084 | 61,900 | 33,707 | 37,458 | 21,616 |
| Short-term investments | US$ in thousands | 12,247 | 11,226 | 12,218 | 11,535 | 11,601 | 10,353 | 10,994 | 10,965 | 14,961 | 17,834 | 17,431 | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 127,875 | 121,429 | 154,763 | 135,244 | 157,285 | 163,757 | 189,242 | 199,367 | 153,708 | 161,837 | 194,389 | 200,311 | 130,901 | 125,227 | 195,880 | 151,635 | 122,506 | 130,622 | 175,372 | 121,188 |
| Cash ratio | 0.87 | 0.59 | 0.30 | 0.33 | 0.40 | 0.29 | 0.33 | 0.49 | 0.86 | 1.18 | 0.84 | 0.87 | 0.81 | 0.37 | 0.39 | 0.09 | 0.51 | 0.26 | 0.21 | 0.18 |
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, which is a liquidity ratio that measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, reveals the proportion of a company's current assets held in cash.
Over the period from May 4, 2019, to Feb 3, 2024, Shoe Carnival Inc's cash ratio fluctuated between 0.09 and 1.18 with an average of 0.54. The highest cash ratio of 1.18 was recorded on Oct 30, 2021, indicating that at that time, the company held more than enough cash to cover its short-term obligations. Conversely, the lowest cash ratio of 0.09 was reported on May 2, 2020, suggesting a relatively lower level of cash compared to its short-term liabilities.
The cash ratio trend shows some variability, implying fluctuations in the company's cash position over the period. Investors and analysts may want to further investigate the reasons behind these fluctuations to assess the company's liquidity position and its ability to meet its short-term financial obligations.
Peer comparison
Feb 3, 2024