Shoe Carnival Inc (SCVL)
Debt-to-capital ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 583,389 | 525,568 | 452,533 | 310,176 | 297,363 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $583,389K)
= 0.00
The debt-to-capital ratio of Shoe Carnival Inc has consistently been recorded as 0.00 for the past five fiscal years, indicating that the company has not utilized any debt to finance its operations relative to its total capital structure. This implies a relatively low financial risk and may suggest that the company has been able to fund its activities primarily through equity or retained earnings. It is essential to note that a debt-to-capital ratio of 0.00 does not necessarily mean that the company has no debt obligations; rather, it signifies a minimal reliance on debt in comparison to its total capital. Further analysis of the company's capital structure and financial policies would be required to fully understand its financing strategy and risk profile.
Peer comparison
Feb 3, 2024