Shoe Carnival Inc (SCVL)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 481,338 | 469,723 | 442,032 | 355,305 | 329,647 |
| Total current liabilities | US$ in thousands | 127,875 | 157,285 | 153,708 | 130,901 | 122,506 |
| Current ratio | 3.76 | 2.99 | 2.88 | 2.71 | 2.69 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $481,338K ÷ $127,875K
= 3.76
The current ratio of Shoe Carnival Inc has shown a consistent improvement over the past five years, indicative of the company's strengthening liquidity position. The current ratio increased from 2.69 in February 2020 to 3.76 in February 2024, reflecting a gradual enhancement in the company's ability to cover its short-term obligations with its current assets. This upward trend suggests that Shoe Carnival Inc has been effectively managing its current assets and liabilities, positioning itself in a favorable financial position to meet its short-term commitments. The current ratio exceeding 1 indicates that the company has more than enough current assets to cover its current liabilities, portraying a healthy financial position in terms of liquidity.
Peer comparison
Feb 3, 2024