Shoe Carnival Inc (SCVL)
Financial leverage ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,124,130 | 1,124,430 | 1,115,030 | 1,092,580 | 1,042,020 | 1,134,740 | 1,023,470 | 1,023,470 | 1,043,200 | 1,043,200 | 976,629 | 976,629 | 989,781 | 989,781 | 966,336 | 966,336 | 914,515 | 914,515 | 861,734 | 812,264 |
| Total stockholders’ equity | US$ in thousands | 648,996 | 635,658 | 618,495 | 597,804 | 583,389 | 583,389 | 569,906 | 569,906 | 555,519 | 555,519 | 537,680 | 537,680 | 525,568 | 525,568 | 505,585 | 505,585 | 483,632 | 483,632 | 455,714 | 452,533 |
| Financial leverage ratio | 1.73 | 1.77 | 1.80 | 1.83 | 1.79 | 1.95 | 1.80 | 1.80 | 1.88 | 1.88 | 1.82 | 1.82 | 1.88 | 1.88 | 1.91 | 1.91 | 1.89 | 1.89 | 1.89 | 1.79 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,124,130K ÷ $648,996K
= 1.73
The financial leverage ratio for Shoe Carnival Inc has shown some fluctuations over the past few years, ranging from 1.73 to 1.95. The trend appears to be relatively stable within the range of 1.73 to 1.95, with some minor fluctuations. As of January 31, 2025, the financial leverage ratio stands at 1.73, indicating that the company is financed more by equity rather than debt.
A financial leverage ratio of less than 1 suggests that the company relies more on equity financing rather than debt to fund its operations. This can be seen as a positive sign as it indicates lower financial risk due to lower levels of debt in the capital structure. However, it's important to note that a very low leverage ratio could also imply underutilization of debt financing, which could potentially limit the company's growth opportunities.
Overall, based on the historical trend and the current ratio of 1.73 as of January 31, 2025, Shoe Carnival Inc appears to have a healthy balance between equity and debt financing, providing a stable financial structure to support its operations and growth initiatives.
Peer comparison
Jan 31, 2025