Macy’s Inc (M)

Quick ratio

Jan 31, 2025 Feb 3, 2024 Jan 31, 2024 Jan 31, 2023 Jan 28, 2023
Cash US$ in thousands 1,306,000 1,034,000 1,034,000 862,000 862,000
Short-term investments US$ in thousands
Receivables US$ in thousands 293,000 300,000
Total current liabilities US$ in thousands 4,524,000 4,430,000 4,430,000 4,861,000 4,861,000
Quick ratio 0.29 0.30 0.23 0.18 0.24

January 31, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,306,000K + $—K + $—K) ÷ $4,524,000K
= 0.29

The quick ratio of Macy’s Inc, which measures the company's ability to meet its short-term liabilities with its most liquid assets, has shown some fluctuations over the past few years.

As of January 28, 2023, the quick ratio was 0.24, indicating that Macy's had $0.24 in liquid assets for every $1 of current liabilities. This ratio decreased to 0.18 by January 31, 2023, suggesting a potential liquidity strain.

However, there was a slight improvement by January 31, 2024, with the quick ratio increasing to 0.23, although still below the optimal level of 1. This improvement continued into February 3, 2024, where the quick ratio further rose to 0.30, signaling a better ability to cover short-term obligations.

By January 31, 2025, the quick ratio stood at 0.29, showing a stable liquidity position compared to the previous year. Overall, Macy’s Inc has experienced some variability in its quick ratio over the years, indicating fluctuations in its ability to meet short-term obligations with liquid assets.


Peer comparison

Jan 31, 2025

Company name
Symbol
Quick ratio
Macy’s Inc
M
0.29
Burlington Stores Inc
BURL
0.48
Kohl's Corporation
KSS
0.04