Macy’s Inc (M)
Current ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,479,000 | 6,089,000 | 6,089,000 | 5,853,000 | 5,853,000 |
| Total current liabilities | US$ in thousands | 4,524,000 | 4,430,000 | 4,430,000 | 4,861,000 | 4,861,000 |
| Current ratio | 1.43 | 1.37 | 1.37 | 1.20 | 1.20 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,479,000K ÷ $4,524,000K
= 1.43
The current ratio of Macy's Inc has shown a steady increase over the years, from 1.20 as of January 28, 2023, and maintaining the same level until January 31, 2023, to 1.37 as of January 31, 2024, and consistently staying at this level until February 3, 2024. Subsequently, the current ratio further improved to 1.43 as of January 31, 2025.
A current ratio above 1 indicates that Macy's Inc has more current assets than current liabilities, suggesting a healthy liquidity position. The increasing trend in the current ratio reflects the company's improved ability to cover its short-term obligations using its current assets. This positive trend may indicate effective working capital management and financial stability within the organization. However, it is also essential to consider other financial metrics alongside the current ratio to gain a holistic understanding of Macy's Inc's financial health.
Peer comparison
Jan 31, 2025