Shoe Carnival Inc (SCVL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 99,000 | 59,895 | 34,562 | 32,587 | 51,400 | 37,168 | 51,620 | 86,179 | 117,443 | 173,364 | 146,506 | 174,643 | 106,532 | 46,740 | 76,885 | 13,084 | 61,900 | 33,707 | 37,458 | 21,616 |
| Short-term investments | US$ in thousands | 12,247 | 11,226 | 12,218 | 11,535 | 11,601 | 10,353 | 10,994 | 10,965 | 14,961 | 17,834 | 17,431 | 0 | 0 | 0 | 0 | — | — | — | — | — |
| Receivables | US$ in thousands | 2,593 | 3,105 | 3,961 | 3,084 | 3,052 | 7,762 | 10,677 | 14,442 | 14,159 | 10,018 | 7,871 | 7,477 | 7,096 | 8,435 | 6,844 | 6,316 | 2,724 | 2,470 | 2,414 | 2,003 |
| 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 |
| Quick ratio | 0.89 | 0.61 | 0.33 | 0.35 | 0.42 | 0.34 | 0.39 | 0.56 | 0.95 | 1.24 | 0.88 | 0.91 | 0.87 | 0.44 | 0.43 | 0.13 | 0.53 | 0.28 | 0.23 | 0.19 |
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 several quarters. The quick ratio measures a company's ability to meet its short-term obligations using its most liquid assets. A higher quick ratio indicates better short-term liquidity.
The quick ratio was at its highest at 1.24 in October 2021, indicating that Shoe Carnival Inc had more than enough liquid assets to cover its short-term liabilities at that time. However, the quick ratio decreased to 0.13 in May 2020, reflecting a potential liquidity concern as the company's liquid assets were significantly lower compared to its current liabilities.
In the most recent period as of February 3, 2024, the quick ratio stands at 0.89, which suggests that Shoe Carnival Inc has $0.89 in liquid assets available for every $1 of current liabilities. While the quick ratio has improved from previous quarters, it still indicates that the company may have limited liquidity to cover its short-term obligations.
Overall, it is important for stakeholders to monitor Shoe Carnival Inc's quick ratio trends closely to assess the company's short-term liquidity position and financial health.
Peer comparison
Feb 3, 2024