Shoe Carnival Inc (SCVL)

Debt-to-equity 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-equity ratio		0.00	0.00	0.00	0.00	0.00

February 3, 2024 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $583,389K
= 0.00

The debt-to-equity ratio of Shoe Carnival Inc has consistently been reported as 0.00 for the past five fiscal years (from 2020 to 2024). This indicates that the company has not utilized any debt to finance its operations during this period, relying solely on equity to fund its activities. A debt-to-equity ratio of 0.00 suggests a conservative financial structure, as the company does not have any financial leverage from debt. This may indicate a lower level of financial risk, as the company is not burdened by interest payments or principal repayment obligations associated with debt.

Peer comparison

Feb 3, 2024

Company name

Symbol

Debt-to-equity ratio

Shoe Carnival Inc

SCVL

0.00

Boot Barn Holdings Inc