Shoe Carnival Inc (SCVL)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 1,042,020 | 1,023,470 | 1,043,200 | 976,629 | 989,781 | 966,336 | 914,515 | 861,734 | 812,264 | 786,509 | 784,056 | 750,089 | 642,747 | 623,343 | 689,518 | 629,550 | 628,374 | 647,712 | 693,373 | 628,618 |
| 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 |
| Financial leverage ratio | 1.79 | 1.80 | 1.88 | 1.82 | 1.88 | 1.91 | 1.89 | 1.89 | 1.79 | 1.82 | 2.01 | 2.14 | 2.07 | 2.06 | 2.39 | 2.25 | 2.11 | 2.15 | 2.28 | 2.16 |
February 3, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $1,042,020K ÷ $583,389K
= 1.79
The financial leverage ratio of Shoe Carnival Inc has shown some fluctuations over the past few reporting periods. The ratio indicates how much the company relies on debt to finance its operations and growth.
From the data provided, we can see that the financial leverage ratio has ranged from a low of 1.79 to a high of 2.39 over the periods presented. A ratio greater than 1 suggests that the company has more debt than equity in its capital structure.
A higher financial leverage ratio can indicate increased financial risk, as the company may have higher interest payments and be more vulnerable to economic downturns. On the other hand, a lower ratio may signify more stability and less reliance on debt financing.
The trend in Shoe Carnival Inc's financial leverage ratio has shown some variance, with fluctuations between 1.79 and 2.39. It is important for investors and stakeholders to monitor this ratio over time to assess the company's risk profile and financial health.
Peer comparison
Feb 3, 2024