Macy’s Inc (M)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,479,000 | 7,246,000 | 5,707,000 | 6,262,000 | 6,089,000 | 6,089,000 | 7,070,000 | 7,070,000 | 5,271,000 | 5,271,000 | 5,855,000 | 5,855,000 | 5,853,000 | 5,853,000 | 7,348,000 | 7,348,000 | 5,516,000 | 5,516,000 | 6,233,000 | 6,758,000 |
| 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 |
| Current ratio | 1.43 | 1.26 | 1.48 | 1.38 | 1.37 | 1.37 | 1.18 | 1.18 | 1.26 | 1.26 | 1.22 | 1.22 | 1.20 | 1.20 | 1.09 | 1.09 | 1.17 | 1.17 | 1.12 | 1.25 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,479,000K ÷ $4,524,000K
= 1.43
Macy’s Inc current ratio has shown varying levels over the past few years, ranging from 1.09 to 1.48. A current ratio of 1.00 or higher is generally considered healthy, indicating that the company has sufficient current assets to cover its current liabilities.
The current ratio peaked at 1.48 on July 31, 2024, which suggests that Macy’s had a strong ability to meet its short-term obligations at that time. However, the ratio decreased to 1.09 on October 29, 2022, and October 31, 2022, indicating a potential liquidity concern as the company may have had fewer current assets relative to its current liabilities during those periods.
Overall, the current ratio has shown some fluctuations but has mostly stayed above 1.00, indicating that Macy’s has generally been able to meet its short-term obligations. It is important for investors and stakeholders to monitor changes in the current ratio over time to assess Macy’s liquidity position and financial health.
Peer comparison
Jan 31, 2025