Relatively High Current Ratio Detected in Shares of Shoe Carnival in the Apparel Retail Industry (SCVL, FL, BKE, GES, MW)
Below are the three companies in the Apparel Retail industry with the highest current ratios. Current ratio is useful to get an idea of how quickly a company can repay its short-term liabilities with its short-term assets. The higher the current ratio, the more capable the company is of paying its obligations.
Shoe Carnival ranks highest with a a current ratio of 4.1. Foot Locker is next with a a current ratio of 3.7. Buckle ranks third highest with a a current ratio of 3.4.
Guess? follows with a a current ratio of 3.2, and The Men's Wearhouse rounds out the top five with a a current ratio of 2.8.
SmarTrend recommended that its subscribers protect gains by selling shares of The Men's Wearhouse on July 7th, 2015 by issuing a Downtrend alert when the shares were trading at $61.40. Since that call, shares of The Men's Wearhouse have fallen 77.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: highest current ratio shoe carnival Foot Locker buckle guess? the men's wearhouse