Macy’s Inc (M)
Debt-to-assets ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 2,706,000 | — | — | 2,555,000 |
| Total assets | US$ in thousands | 16,402,000 | 16,246,000 | 16,246,000 | 16,866,000 | 16,866,000 |
| Debt-to-assets ratio | 0.00 | 0.17 | 0.00 | 0.00 | 0.15 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,402,000K
= 0.00
The debt-to-assets ratio is a key financial metric used to assess a company's leverage and financial risk. Macy's Inc has shown varying debt-to-assets ratios over the past several years.
- As of January 28, 2023, the debt-to-assets ratio was 0.15, indicating that Macy's had a debt level equivalent to 15% of its total assets.
- By January 31, 2023, and January 31, 2024, the company had managed to reduce its debt-to-assets ratio to 0.00, suggesting that Macy's had either significantly reduced its debt or increased its asset base, resulting in a debt-free position.
- However, by February 3, 2024, the debt-to-assets ratio increased to 0.17, signaling a slight increase in debt relative to assets compared to the preceding period.
- Subsequently, as of January 31, 2025, Macy's once again reported a debt-to-assets ratio of 0.00, indicating that the company had effectively eliminated its debt burden or held negligible debt compared to its asset holdings.
Overall, Macy's Inc has demonstrated a mixed performance in managing its debt levels over the years, with periods of low or zero debt-to-assets ratios interspersed with slight increases in leverage. The trend of reducing debt to maintain a healthy financial position seems to be a priority for the company based on the variations in its debt-to-assets ratio.
Peer comparison
Jan 31, 2025