Macy’s Inc (M)
Cash ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,306,000 | 1,034,000 | 1,034,000 | 862,000 | 862,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,524,000 | 4,430,000 | 4,430,000 | 4,861,000 | 4,861,000 |
| Cash ratio | 0.29 | 0.23 | 0.23 | 0.18 | 0.18 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,306,000K
+ $—K)
÷ $4,524,000K
= 0.29
The cash ratio of Macy's Inc has shown an increasing trend over the past few years. As of January 31, 2025, the cash ratio stands at 0.29, indicating that the company has $0.29 of cash and cash equivalents for every dollar of current liabilities. This suggests that Macy's has a healthy level of liquidity to cover its short-term obligations. The stable and improving cash ratio over the years signifies that Macy's has been effectively managing its cash resources, which is a positive indicator of its financial health and ability to meet its financial commitments.
Peer comparison
Jan 31, 2025