Macy’s Inc (M)
Debt-to-equity 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-equity ratio | 0.00 | 0.65 | 0.00 | 0.00 | 0.63 |
January 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,552,000K
= 0.00
Based on the provided data, Macy’s Inc debt-to-equity ratio has shown variability over the years. In January 28, 2023, the debt-to-equity ratio was 0.63, indicating that the company had more debt than equity at that time. However, in the subsequent periods of January 31, 2023, and January 31, 2024, the ratio dropped to 0.00, suggesting either a reduction in debt, an increase in equity, or a combination of both.
By February 3, 2024, the debt-to-equity ratio increased to 0.65, signaling a slight shift towards more debt relative to equity. Finally, in January 31, 2025, the ratio returned to 0.00, implying a potential restructuring of the company’s capital structure or a significant increase in equity compared to debt.
Overall, the fluctuation in Macy’s Inc debt-to-equity ratio indicates a dynamic financial position in terms of leveraging debt and equity to support its operations and growth strategies. Further analysis of the company's financial statements and capital management practices would be necessary to fully evaluate the implications of these changes in the debt-to-equity ratio over time.
Peer comparison
Jan 31, 2025