Macy’s Inc (M)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 4,552,000 | 4,137,000 | 4,137,000 | 4,082,000 | 4,082,000 |
| Debt-to-capital ratio | 0.00 | 0.40 | 0.00 | 0.00 | 0.38 |
January 31, 2025 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $4,552,000K)
= 0.00
The debt-to-capital ratio of Macy’s Inc has shown fluctuations over the past few years. As of January 28, 2023, the ratio was 0.38, indicating that 38% of the company's capital was financed through debt. Subsequently, the ratio dropped to 0.00 in the next two periods, January 31, 2023, and January 31, 2024, implying no debt financing relative to capital during these periods.
However, by February 3, 2024, the debt-to-capital ratio increased to 0.40, signifying that 40% of the company's capital was funded by debt. Notably, by January 31, 2025, the ratio returned to 0.00, suggesting a decrease in debt financing relative to capital once again.
Overall, the debt-to-capital ratio of Macy’s Inc has shown variability, with periods of both debt and debt-free financing structures. This variability may reflect the company's strategic decisions regarding capital structure and debt management. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company’s financial health and risk profile.
Peer comparison
Jan 31, 2025