Shoe Carnival Inc (SCVL)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 1,042,020 | 989,781 | 812,264 | 642,747 | 628,374 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $1,042,020K
= 0.00
The debt-to-assets ratio of Shoe Carnival Inc has consistently been 0.00 over the past five years, indicating that the company has financed its assets solely through equity rather than debt. This suggests that Shoe Carnival Inc has a strong financial position with minimal reliance on borrowing to fund its operations and investments. A debt-to-assets ratio of 0.00 generally signifies low financial risk as the company is not burdened by significant levels of debt that could potentially impact its ability to meet financial obligations. Overall, the consistent 0.00 debt-to-assets ratio reflects a prudent and conservative financial management strategy by Shoe Carnival Inc.
Peer comparison
Feb 3, 2024