How much debt does Shoe Carnival have?

According to Shoe Carnival's latest annual financial reports, the company's debt profile is as follows:

Total Debt and Liabilities

Shoe Carnival's total debt stands at $367.99M. This is broken down into:

• Long-term debt: $314.97M
• Short-term debt: $-

The company's net debt, which accounts for cash and cash equivalents, is $259.31M. In terms of overall financial obligations, Shoe Carnival's total liabilities amount to $475.14M.

Debt Ratios and Metrics

To better understand Shoe Carnival's debt position, we can look at several key ratios:

• Debt to Equity Ratio: 0.57 - this indicates the proportion of equity and debt the company uses to finance its assets.
• Debt Ratio: 32.74% - this shows the proportion of a company's assets that are financed through debt.
• Interest Coverage Ratio: 290.29 - this measures how easily a company can pay interest on its outstanding debt.
• Long-term Debt to Capitalization: 32.67% - this shows the proportion of long-term debt in the company's capital structure.
• Total Debt to Capitalization: 36.18% - this indicates the total debt in the company's capital structure.

These metrics provide insight into Shoe Carnival's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.