Shoe Carnival Inc (SCVL)
Quick ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 99,000 | 51,400 | 117,443 | 106,532 | 61,900 |
| Short-term investments | US$ in thousands | 12,247 | 11,601 | 14,961 | 0 | — |
| Receivables | US$ in thousands | 2,593 | 3,052 | 14,159 | 7,096 | 2,724 |
| Total current liabilities | US$ in thousands | 127,875 | 157,285 | 153,708 | 130,901 | 122,506 |
| Quick ratio | 0.89 | 0.42 | 0.95 | 0.87 | 0.53 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($99,000K
+ $12,247K
+ $2,593K)
÷ $127,875K
= 0.89
The quick ratio of Shoe Carnival Inc has shown fluctuations over the past five years. The quick ratio was notably low in January 2023 at 0.42, indicating that the company may have had difficulty meeting its short-term obligations with its most liquid assets at that time. However, the quick ratio improved significantly in January 2022 to 0.95, suggesting better short-term liquidity.
In the most recent fiscal year, as of February 3, 2024, the quick ratio stands at 0.89, showing that the company still has a sufficient amount of liquid assets to cover its current liabilities. This indicates a relatively stable liquidity position compared to previous years.
Overall, the trend in Shoe Carnival Inc's quick ratio demonstrates improvements in short-term liquidity management over the years, with the recent ratio reflecting a healthier liquidity position that suggests the company may be better equipped to meet its short-term financial obligations.
Peer comparison
Feb 3, 2024