Shoe Carnival Inc (SCVL)
Interest coverage
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 96,422 | 147,416 | 207,678 | 21,962 | 54,939 |
| Interest expense | US$ in thousands | 282 | 294 | 478 | 412 | 191 |
| Interest coverage | 341.92 | 501.41 | 434.47 | 53.31 | 287.64 |
February 3, 2024 calculation
Interest coverage = EBIT ÷ Interest expense
= $96,422K ÷ $282K
= 341.92
The interest coverage ratio for Shoe Carnival Inc has shown significant fluctuations over the past five years. From a low of 53.31 in January 30, 2021, the ratio surged to 501.41 in January 28, 2023, suggesting a substantial improvement in the company's ability to cover its interest expenses with operating income. This increase was followed by a slight decrease to 434.47 in January 29, 2022, before further declining to 341.92 in February 3, 2024. Despite the recent decrease, the company still maintains a strong interest coverage ratio, indicating a healthy financial position and the ability to meet its interest payment obligations comfortably.
Peer comparison
Feb 3, 2024