Macy’s Inc (M)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,089,000 | 5,853,000 | 6,758,000 | 6,184,000 | 6,810,000 |
| Total current liabilities | US$ in thousands | 4,430,000 | 4,861,000 | 5,416,000 | 5,357,000 | 5,750,000 |
| Current ratio | 1.37 | 1.20 | 1.25 | 1.15 | 1.18 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,089,000K ÷ $4,430,000K
= 1.37
The current ratio of Macy’s Inc has shown fluctuations over the past five fiscal years. In 2024, the current ratio improved to 1.37 from 1.20 in 2023, indicating an enhancement in the company's ability to meet its short-term liabilities with current assets. This suggests a stronger liquidity position for Macy’s Inc in 2024 compared to the previous year.
Furthermore, when compared to the ratios from 2022, 2021, and 2020, the current ratio for 2024 reflects a more favorable liquidity position. This demonstrates a positive trend in Macy’s Inc's short-term liquidity management over the last five years. However, it is essential to note that a current ratio of 1.37 may still warrant monitoring to ensure sustainable liquidity levels for the company's ongoing operations and obligations.
Peer comparison
Feb 3, 2024