Shoe Carnival Inc (SCVL)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 96,810 | 99,890 | 94,982 | 93,671 | 99,447 | 103,400 | 107,726 | 100,375 | 93,024 | 97,030 | 101,036 | 123,591 | 146,146 | 155,972 | 165,798 | 157,242 | 141,193 | 130,189 | 153,694 | 180,710 |
| Interest expense (ttm) | US$ in thousands | 510 | 486 | 421 | 355 | 290 | 287 | 284 | 279 | 274 | 273 | 272 | 270 | 268 | 263 | 258 | 289 | 345 | 400 | 455 | 480 |
| Interest coverage | 189.82 | 205.53 | 225.61 | 263.86 | 342.92 | 360.28 | 379.32 | 359.77 | 339.50 | 355.42 | 371.46 | 457.74 | 545.32 | 593.05 | 642.63 | 544.09 | 409.26 | 325.47 | 337.79 | 376.48 |
January 31, 2025 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $96,810K ÷ $510K
= 189.82
Based on the interest coverage data provided, Shoe Carnival Inc has demonstrated a strong ability to cover its interest expenses over the period. The interest coverage ratio measures the company's ability to meet its interest obligations from its operating income. The higher the ratio, the more easily a company can pay interest on its debt.
In the most recent period, as of January 31, 2025, Shoe Carnival Inc's interest coverage ratio was 189.82, indicating that the company's operating income was almost 190 times its interest expense. This level of coverage suggests a robust financial position and a low risk of defaulting on its debt obligations.
Analyzing the trend over time, we can see fluctuations in the interest coverage ratio, with some quarters showing higher ratios compared to others. However, in general, the company has maintained a healthy interest coverage ratio well above 1, which signifies that Shoe Carnival Inc has been consistently generating sufficient operating income to comfortably cover its interest expenses.
Overall, the trend in Shoe Carnival Inc's interest coverage ratio reflects a financially stable and well-managed company with a strong ability to meet its financial obligations related to interest payments.
Peer comparison
Jan 31, 2025