Shoe Carnival Inc (SCVL)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 536,144 | 527,040 | 537,096 | 504,953 | 481,338 | 481,338 | 462,039 | 462,039 | 485,364 | 485,364 | 453,550 | 453,550 | 469,723 | 469,723 | 464,434 | 464,434 | 476,932 | 476,932 | 471,199 | 442,032 |
| 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 |
| Current ratio | 4.11 | 3.88 | 3.36 | 3.38 | 3.76 | 3.76 | 3.81 | 3.81 | 3.14 | 3.14 | 3.35 | 3.35 | 2.99 | 2.99 | 2.84 | 2.84 | 2.52 | 2.52 | 2.36 | 2.88 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $536,144K ÷ $130,425K
= 4.11
Shoe Carnival Inc's current ratio has shown stable and consistent improvement over the past few years, indicating a strong liquidity position. As of January 31, 2025, the company's current ratio stands at 4.11, signifying that it has $4.11 in current assets for every dollar of current liabilities, which implies the company is well-equipped to meet its short-term obligations.
The trend of increasing current ratio from 2.88 on January 31, 2022, to 4.11 on January 31, 2025, suggests a positive liquidity management strategy and efficient working capital management by the company. This improvement may be attributed to effective inventory management, favorable cash flow generation, and prudent financial planning.
A higher current ratio generally indicates a healthier financial position, as it implies that the company has more than enough current assets to cover its current liabilities. However, it is important to consider the industry norms and the company's specific operational requirements when interpreting the current ratio. Overall, Shoe Carnival Inc's increasing current ratio reflects a robust liquidity position and suggests the company's ability to meet its short-term obligations comfortably.
Peer comparison
Jan 31, 2025