Shoe Carnival Inc (SCVL)
Quick ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 108,680 | 99,000 | 99,000 | 51,372 | 51,400 |
| Short-term investments | US$ in thousands | 14,432 | 12,247 | 12,247 | 11,601 | 11,601 |
| Receivables | US$ in thousands | — | 2,593 | — | — | 3,052 |
| Total current liabilities | US$ in thousands | 130,425 | 127,875 | 127,875 | 157,285 | 157,285 |
| Quick ratio | 0.94 | 0.89 | 0.87 | 0.40 | 0.42 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($108,680K
+ $14,432K
+ $—K)
÷ $130,425K
= 0.94
The quick ratio of Shoe Carnival Inc has shown an improvement over the years, indicating an enhanced ability to meet its short-term obligations with its most liquid assets. It was relatively low at 0.42 and 0.40 as of January 28, 2023, and January 31, 2023, respectively. However, there has been a significant increase in the quick ratio to 0.87 as of January 31, 2024, further improving to 0.89 by February 3, 2024, and reaching 0.94 by January 31, 2025. This upward trend suggests a strengthening liquidity position, which may enhance the company's financial stability and ability to weather potential short-term financial challenges. It demonstrates a positive shift towards a healthier liquidity position, showing a favorable trend in managing its current liabilities with its quick assets.
Peer comparison
Jan 31, 2025