Shoe Carnival Inc (SCVL)
Debt-to-capital 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 583,389 | 569,906 | 555,519 | 537,680 | 525,568 | 505,585 | 483,632 | 455,714 | 452,533 | 432,546 | 389,912 | 350,275 | 310,176 | 303,217 | 288,987 | 279,458 | 297,363 | 300,748 | 303,560 | 291,503 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 over the provided historical period has consistently remained at 0.00, indicating that the company has not used debt as a source of financing relative to its total capital. This suggests that Shoe Carnival has primarily relied on equity financing to fund its operations and expansion. A debt-to-capital ratio of 0.00 typically indicates a lower financial risk since the company is not heavily leveraged.
While a debt-to-capital ratio of 0.00 may seem positive from a risk perspective, it could also imply missed opportunities to benefit from potential tax advantages associated with debt financing or to leverage financial leverage for growth or investment. Additionally, it is important to consider that a low debt level might constrain the company's ability to take advantage of debt financing opportunities during periods of favorable interest rates or when the company needs additional capital for strategic initiatives.
Overall, the consistent 0.00 debt-to-capital ratio reflects Shoe Carnival's conservative financial strategy of operating with minimal debt, which can provide stability but may also limit flexibility in certain financial decisions.
Peer comparison
Feb 3, 2024