Shoe Carnival Inc (SCVL)
Solvency ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 1.79 | 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 |
Shoe Carnival Inc's solvency ratios indicate a consistent trend of maintaining low levels of debt relative to its assets, capital, and equity over the periods provided. The debt-to-assets, debt-to-capital, and debt-to-equity ratios all consistently stand at zero, suggesting that the company has not utilized debt as a source of financing during these periods.
However, the financial leverage ratio has varied over time, ranging from 1.79 to 2.39. This ratio measures the extent to which the company's operations are funded by debt versus equity. The increasing trend in the financial leverage ratio indicates a higher degree of financial risk as the company relies more on debt to finance its operations.
Overall, while Shoe Carnival Inc has maintained a strong position with limited debt on its balance sheet, the increasing financial leverage ratio signals a potential shift towards a more leveraged capital structure, which could impact its solvency and financial stability in the future.
Coverage ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
The interest coverage ratio for Shoe Carnival Inc has fluctuated over the years, indicating the company's ability to meet its interest obligations from its operating profits. The ratio was consistently high in recent years, peaking at 503.46 in April 2023, which suggests the company had ample earnings to cover its interest payments. However, there was a significant drop in the interest coverage ratio to 53.31 in January 2021, indicating a potential strain on the company's ability to cover interest expenses with operating profits.
Despite the drop in early 2021, Shoe Carnival Inc was able to improve its interest coverage ratio in the following quarters, with the ratio reaching 434.47 by January 2022. This upward trend continued until July 2023 when the ratio peaked at 441.27, indicating a strong ability to cover interest costs. The company's interest coverage ratio has shown resilience and overall improvement, reflecting positively on its financial health and ability to service its debt obligations.