Shoe Carnival Inc (SCVL)
Current ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 536,144 | 481,338 | 481,338 | 469,723 | 469,723 |
| Total current liabilities | US$ in thousands | 130,425 | 127,875 | 127,875 | 157,285 | 157,285 |
| Current ratio | 4.11 | 3.76 | 3.76 | 2.99 | 2.99 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $536,144K ÷ $130,425K
= 4.11
The current ratio of Shoe Carnival Inc has shown a positive trend over the past few years, increasing from 2.99 in January 2023 to 4.11 in January 2025. This indicates that the company's ability to cover its short-term liabilities with its current assets has improved significantly. A current ratio above 1 suggests that the company has more than enough current assets to meet its short-term obligations. Shoe Carnival Inc's current ratio exceeding 4 reflects a strong liquidity position and suggests that the company is well-positioned to handle its current financial obligations efficiently in the near future.
Peer comparison
Jan 31, 2025