Macy’s Inc (M)
Current ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,089,000 | 7,070,000 | 5,271,000 | 5,855,000 | 5,853,000 | 7,348,000 | 5,516,000 | 6,233,000 | 6,758,000 | 7,591,000 | 7,611,000 | 7,240,000 | 6,184,000 | 7,357,000 | 5,631,000 | 7,135,000 | 6,810,000 | 8,301,000 | 6,546,000 | 7,105,000 |
| Total current liabilities | US$ in thousands | 4,430,000 | 6,014,000 | 4,184,000 | 4,782,000 | 4,861,000 | 6,743,000 | 4,708,000 | 5,543,000 | 5,416,000 | 6,671,000 | 6,700,000 | 5,518,000 | 5,357,000 | 6,651,000 | 4,854,000 | 5,772,000 | 5,750,000 | 6,479,000 | 4,439,000 | 5,019,000 |
| Current ratio | 1.37 | 1.18 | 1.26 | 1.22 | 1.20 | 1.09 | 1.17 | 1.12 | 1.25 | 1.14 | 1.14 | 1.31 | 1.15 | 1.11 | 1.16 | 1.24 | 1.18 | 1.28 | 1.47 | 1.42 |
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 few quarters. As of February 3, 2024, the current ratio stood at 1.37, indicating that the company had $1.37 in current assets for every dollar of current liabilities. This represents an improvement from the previous quarter when the ratio was 1.18.
Looking at the trend over the past few quarters, Macy’s current ratio has generally been above 1, suggesting a healthy liquidity position. However, the ratio has varied between 1.09 and 1.47 during this period, indicating some volatility in the company's ability to meet short-term obligations.
It is important to note that while a current ratio above 1 typically indicates a company can cover its short-term liabilities, a ratio that is too high may suggest inefficient use of resources. Therefore, Macy’s should continue to monitor and manage its current assets and liabilities effectively to maintain a healthy liquidity position.
Peer comparison
Feb 3, 2024