Macy’s Inc (M)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 2,706,000 | — | — | 2,325,000 | — | 2,482,000 | — | 2,468,000 | — | 2,555,000 | — | 2,371,000 | — | 2,506,000 | — | — |
| Total assets | US$ in thousands | 16,402,000 | 17,293,000 | 15,833,000 | 16,449,000 | 16,246,000 | 17,423,000 | 18,111,000 | 18,111,000 | 16,304,000 | 16,304,000 | 16,868,000 | 16,868,000 | 16,866,000 | 16,866,000 | 18,230,000 | 18,230,000 | 16,342,000 | 16,342,000 | 16,972,000 | 17,590,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.00 | 0.00 | 0.13 | 0.00 | 0.15 | 0.00 | 0.15 | 0.00 | 0.15 | 0.00 | 0.13 | 0.00 | 0.15 | 0.00 | 0.00 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $16,402,000K
= 0.00
The debt-to-assets ratio for Macy's Inc has been relatively stable over the past few years, staying consistently low. As of January 31, 2022, and throughout the year 2022, the ratio was at 0.00, indicating that there was no debt relative to the company's assets.
However, in July 30, 2022, and increasing again in January 28, 2023, and April 29, 2023, the ratio increased to 0.15, suggesting that the company took on some debt compared to its assets. The ratio remained at 0.15 until July 29, 2023, and then decreased back to 0.00 by October 31, 2023.
In February 3, 2024, the ratio spiked to 0.17, but quickly returned to 0.00 by April 30, 2024, and has stayed steady at 0.00 until the most recent data available, as of January 31, 2025.
Overall, the consistently low debt-to-assets ratio indicates that Macy's Inc has been effectively managing its debt and maintaining a strong financial position relative to its assets. However, it is important to keep monitoring this ratio to ensure ongoing financial health and stability.
Peer comparison
Jan 31, 2025