Shoe Carnival Inc (SCVL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-capital ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Shoe Carnival Inc has consistently maintained a strong solvency position, as indicated by its low debt-to-assets, debt-to-capital, and debt-to-equity ratios, all of which remained at 0.00 across multiple reporting periods. This suggests that the company's assets are financed largely through equity rather than debt.
Furthermore, the financial leverage ratio, which measures the company's level of debt in relation to its equity, showed a downward trend from 1.79 on January 31, 2022, to 1.73 on January 31, 2025. This indicates that Shoe Carnival Inc has been progressively relying less on debt to finance its operations compared to its equity. Overall, these solvency ratios reflect a solid financial position and effective management of debt by Shoe Carnival Inc.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
The interest coverage ratio for Shoe Carnival Inc has shown a decreasing trend over the analyzed period. The ratio started at a high level of 376.48 in January 2022, indicating a strong ability to cover interest expenses. However, it gradually declined to 189.82 by January 2025.
This declining trend suggests that Shoe Carnival Inc may be facing challenges in generating enough operating income to cover its interest obligations effectively. A lower interest coverage ratio raises concerns about the company's financial health and its ability to meet debt obligations. It indicates a higher risk of default on debt payments as the company's earnings may not be sufficient to cover interest expenses.
Management should closely monitor the interest coverage ratio and take necessary steps to improve it, such as increasing revenue, reducing expenses, or refinancing debt. Investors and creditors should also pay attention to this ratio as it reflects the company's ability to manage its debt efficiently.