Macy’s Inc (M)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,706,000 | 2,555,000 | 3,254,000 | — | — |
| Total assets | US$ in thousands | 16,246,000 | 16,866,000 | 17,590,000 | 17,706,000 | 21,172,000 |
| Debt-to-assets ratio | 0.17 | 0.15 | 0.18 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,706,000K ÷ $16,246,000K
= 0.17
The debt-to-assets ratio of Macy’s Inc has shown fluctuation over the past five years. In the most recent fiscal year, as of Feb 3, 2024, the ratio increased to 0.17 compared to 0.15 in the previous year. This indicates that the company's level of debt in relation to its total assets has slightly increased.
In the fiscal year ending Jan 29, 2022, the ratio was 0.18, reflecting a higher level of debt relative to assets compared to the two most recent years. Additionally, in the fiscal years ending Jan 30, 2021, and Feb 1, 2020, the ratio was 0.00, suggesting that the company had either no debt or a negligible amount in relation to its assets in those periods.
Overall, the trend in Macy’s Inc debt-to-assets ratio over the past five years shows variability, with a recent uptick in the ratio indicating a slightly higher reliance on debt financing compared to the prior year. Monitoring this ratio is essential for assessing the company's leverage and financial risk.
Peer comparison
Feb 3, 2024