Shoe Carnival Inc (SCVL)

Financial leverage ratio

		Jan 31, 2025	Feb 3, 2024	Jan 31, 2024	Jan 31, 2023	Jan 28, 2023
Total assets	US$ in thousands	1,124,130	1,042,020	1,042,020	989,781	989,781
Total stockholders’ equity	US$ in thousands	648,996	583,389	583,389	525,568	525,568
Financial leverage ratio		1.73	1.79	1.79	1.88	1.88

January 31, 2025 calculation

Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,124,130K ÷ $648,996K
= 1.73

The financial leverage ratio of Shoe Carnival Inc has shown a slight decrease from 1.88 in January 2023 to 1.73 in January 31, 2025. This indicates that the company's reliance on debt compared to equity has slightly decreased over this period. A lower financial leverage ratio suggests a lower level of financial risk as the company may be relying less on debt to finance its operations and investments. It is important to monitor this ratio as changes in financial leverage can impact the company's financial stability and risk profile.

Peer comparison

Jan 31, 2025

Company name

Symbol

Financial leverage ratio

Shoe Carnival Inc

SCVL

1.73

Boot Barn Holdings Inc