Shoe Carnival Inc (SCVL)
Solvency ratios
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | |
|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financial leverage ratio | 1.73 | 1.79 | 1.79 | 1.88 | 1.88 |
Based on the provided data, Shoe Carnival Inc demonstrates a strong solvency position as evidenced by its consistently low debt-to-assets ratio, debt-to-capital ratio, and debt-to-equity ratio. These ratios have all been reported at 0.00 across multiple fiscal periods, indicating that the company has no debt relative to its total assets, capital, and equity.
Furthermore, the financial leverage ratio has shown a decreasing trend over the years, with a value of 1.88 in January 28, 2023, decreasing to 1.73 by January 31, 2025. This trend suggests that the company has been reducing its reliance on debt to finance its operations, which is a positive indicator of financial stability and sustainability.
Overall, Shoe Carnival Inc's solvency ratios reflect a conservative capital structure and strong financial health, indicating that the company has a low level of financial risk and is well-positioned to meet its financial obligations in the long term.
Coverage ratios
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | |
|---|---|---|---|---|---|
| Interest coverage | 311.46 | 341.92 | 341.92 | 335.64 | 501.41 |
Interest coverage ratio measures a company's ability to meet its interest payments on outstanding debt. Looking at the data provided for Shoe Carnival Inc, we see a consistently strong interest coverage ratio over the years.
As of January 28, 2023, the interest coverage ratio was 501.41, indicating that Shoe Carnival Inc's operating income was more than sufficient to cover its interest expenses by a significant margin. The company's ability to generate earnings far exceeding its interest obligations suggests a low risk of default on its debt.
Over the next few years, the interest coverage ratio remained robust, with values of 335.64 on January 31, 2023, 341.92 on both January 31, 2024, and February 3, 2024, and 311.46 on January 31, 2025. These figures indicate the company's continued ability to comfortably meet its interest payments and demonstrate financial stability.
Shoe Carnival Inc's consistently high interest coverage ratio reflects a strong financial position and efficient management of debt obligations. Investors and creditors can view this metric positively as it signifies the company's ability to handle its debt burden and generate healthy earnings.