Shoe Carnival Inc (SCVL)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 108,680 | 77,235 | 71,633 | 56,919 | 99,000 | 99,000 | 59,895 | 59,895 | 34,562 | 34,562 | 32,587 | 32,587 | 51,372 | 51,400 | 37,168 | 37,168 | 51,620 | 51,620 | 86,179 | 117,443 |
| Short-term investments | US$ in thousands | 14,432 | 13,866 | 12,831 | 12,555 | 12,247 | 12,247 | 11,226 | 11,226 | 12,218 | 12,218 | 11,535 | 11,535 | 11,601 | 11,601 | 10,353 | 10,353 | 10,994 | 10,994 | 10,965 | 14,961 |
| Receivables | US$ in thousands | — | — | — | — | 2,593 | — | — | 3,105 | — | 3,961 | — | 3,084 | — | 3,052 | — | 7,762 | — | 10,677 | — | — |
| 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 |
| Quick ratio | 0.94 | 0.67 | 0.53 | 0.47 | 0.89 | 0.87 | 0.59 | 0.61 | 0.30 | 0.33 | 0.33 | 0.35 | 0.40 | 0.42 | 0.29 | 0.34 | 0.33 | 0.39 | 0.49 | 0.86 |
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 exhibited fluctuations over the periods depicted in the data provided. The quick ratio, also known as the acid-test ratio, is a measure of a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that a company may have difficulties meeting its short-term liabilities.
The quick ratio of Shoe Carnival Inc ranged from a low of 0.29 on October 31, 2022, to a high of 0.94 on January 31, 2025. A quick ratio below 1, as seen in most of the periods, suggests that the company may have faced challenges in meeting its short-term obligations using only its most liquid assets. It indicates that a significant portion of the company's current assets may not be in the form of cash or assets that can be easily converted to cash at short notice.
The quick ratio improved notably from October 2023, reaching its highest point in January 2025, indicating better liquidity and ability to handle short-term obligations. However, it's essential to interpret the quick ratio in conjunction with other liquidity ratios and factors to gain a comprehensive understanding of Shoe Carnival Inc's overall financial health and capability to manage its short-term liabilities effectively.
Peer comparison
Jan 31, 2025