Shoe Carnival Inc (SCVL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 481,338 | 462,039 | 485,364 | 453,550 | 469,723 | 464,434 | 476,932 | 471,199 | 442,032 | 495,665 | 493,080 | 462,645 | 355,305 | 340,166 | 396,004 | 337,574 | 329,647 | 345,047 | 387,678 | 322,744 |
| 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 |
| Current ratio | 3.76 | 3.81 | 3.14 | 3.35 | 2.99 | 2.84 | 2.52 | 2.36 | 2.88 | 3.06 | 2.54 | 2.31 | 2.71 | 2.72 | 2.02 | 2.23 | 2.69 | 2.64 | 2.21 | 2.66 |
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 exhibited fluctuations over the past several periods, ranging from a low of 2.02 to a high of 3.81. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that Shoe Carnival Inc has more current assets than current liabilities, providing a margin of safety.
The current ratio has generally been above 2 in recent periods, indicating that the company had a comfortable buffer to meet its short-term obligations. The ratio peaked at 3.81 in October 2023, suggesting a strong liquidity position during that period. However, it dipped to 2.02 in May 2020, which may have indicated a tighter liquidity position at that time.
Overall, the upward trend in the current ratio from 2020 to 2023 reflects an improvement in the company's liquidity position. However, fluctuations in the ratio suggest varying levels of financial stability and the need for careful monitoring of the company's liquidity management going forward.
Peer comparison
Feb 3, 2024