Macy’s Inc (M)
Cash ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,306,000 | 315,000 | 646,000 | 876,000 | 1,034,000 | 1,034,000 | 364,000 | 364,000 | 438,000 | 438,000 | 603,000 | 603,000 | 862,000 | 862,000 | 326,000 | 326,000 | 300,000 | 300,000 | 672,000 | 1,712,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,524,000 | 5,773,000 | 3,867,000 | 4,550,000 | 4,430,000 | 4,430,000 | 6,014,000 | 6,014,000 | 4,184,000 | 4,184,000 | 4,782,000 | 4,782,000 | 4,861,000 | 4,861,000 | 6,743,000 | 6,743,000 | 4,708,000 | 4,708,000 | 5,543,000 | 5,416,000 |
| Cash ratio | 0.29 | 0.05 | 0.17 | 0.19 | 0.23 | 0.23 | 0.06 | 0.06 | 0.10 | 0.10 | 0.13 | 0.13 | 0.18 | 0.18 | 0.05 | 0.05 | 0.06 | 0.06 | 0.12 | 0.32 |
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 provides insight into the company's ability to cover its short-term liabilities with its available cash and cash equivalents. The trend analysis of the cash ratio from January 31, 2022, to January 31, 2025, indicates fluctuations in the company's liquidity position.
The cash ratio started at 0.32 on January 31, 2022, which means Macy's had $0.32 in cash and cash equivalents for every dollar of current liabilities. Over the period, the ratio declined significantly to 0.05 by October 31, 2022, signaling a potential liquidity strain. However, there was a slight improvement to 0.18 by January 31, 2023.
Subsequently, there were fluctuations in the cash ratio, reaching a peak of 0.29 on January 31, 2025. This increase indicates an enhanced ability to cover short-term obligations with cash reserves.
Overall, the cash ratio trend suggests that Macy's Inc experienced fluctuations in its liquidity position during the period, with periods of improvement and decline. Investors and stakeholders should closely monitor the company's cash management practices to ensure sufficient liquidity to meet its short-term obligations.
Peer comparison
Jan 31, 2025