Macy’s Inc (M)
Cash ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,034,000 | 862,000 | 1,712,000 | 1,679,000 | 685,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,430,000 | 4,861,000 | 5,416,000 | 5,357,000 | 5,750,000 |
| Cash ratio | 0.23 | 0.18 | 0.32 | 0.31 | 0.12 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,034,000K
+ $—K)
÷ $4,430,000K
= 0.23
The cash ratio of Macy's Inc has fluctuated over the past five years, ranging from 0.12 to 0.32. The cash ratio measures a company's ability to cover its short-term liabilities with its readily available cash and cash equivalents. A higher ratio indicates a better ability to meet short-term obligations without relying on external sources of liquidity.
Macy's cash ratio was at its lowest in Feb 1, 2020, at 0.12, which indicates that the company had relatively lower cash reserves compared to its short-term liabilities at that time. However, the company's cash ratio improved significantly in Jan 29, 2022, reaching 0.32, which suggests that Macy's had a stronger liquidity position to cover its short-term obligations.
In the most recent data as of Feb 3, 2024, Macy's cash ratio stands at 0.23. This indicates that Macy's has increased its cash reserves compared to the previous year but has not yet reached the levels seen in Jan 29, 2022. Overall, Macy's cash ratio trend indicates varying degrees of liquidity strength over the years, with potential implications for the company's ability to manage short-term financial obligations effectively.
Peer comparison
Feb 3, 2024