Shoe Carnival Inc (SCVL)
Interest coverage
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 96,422 | 104,381 | 119,585 | 133,417 | 147,416 | 146,238 | 164,698 | 185,487 | 207,678 | 190,322 | 148,055 | 102,741 | 21,962 | 16,322 | 14,470 | 15,828 | 54,939 | 51,864 | 49,840 | 49,128 |
| Interest expense (ttm) | US$ in thousands | 282 | 278 | 271 | 265 | 294 | 344 | 400 | 454 | 478 | 477 | 476 | 475 | 412 | 329 | 244 | 211 | 191 | 192 | 195 | 146 |
| Interest coverage | 341.92 | 375.47 | 441.27 | 503.46 | 501.41 | 425.11 | 411.74 | 408.56 | 434.47 | 399.00 | 311.04 | 216.30 | 53.31 | 49.61 | 59.30 | 75.01 | 287.64 | 270.12 | 255.59 | 336.49 |
February 3, 2024 calculation
Interest coverage = EBIT (ttm) ÷ Interest expense (ttm)
= $96,422K ÷ $282K
= 341.92
The interest coverage ratio for Shoe Carnival Inc has shown a general upward trend over the past several quarters, indicating the company's improved ability to cover its interest expenses with its operating income. The ratio has consistently remained high, with values ranging from 49.61 to 503.46, reflecting strong financial health and a robust capacity to meet interest obligations. Particularly noteworthy is the substantial increase in interest coverage from 53.31 in January 2021 to 503.46 in April 2023, demonstrating a significant enhancement in the company's ability to service its debt. Overall, this positive trend suggests that Shoe Carnival Inc has effectively managed its financial leverage and is well-positioned to fulfill its interest payment commitments in the future.
Peer comparison
Feb 3, 2024