Macy’s Inc (M)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 4,137,000 | 4,082,000 | 3,621,000 | 2,553,000 | 6,377,000 |
| Debt-to-equity ratio | 0.65 | 0.63 | 0.90 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $2,706,000K ÷ $4,137,000K
= 0.65
The debt-to-equity ratio for Macy's Inc over the past five years has shown fluctuations. In the most recent fiscal year ending on February 3, 2024, the ratio stands at 0.65, indicating that for every dollar of equity, the company has $0.65 in debt. Compared to the previous year's ratio of 0.63, there has been a slight increase in leverage.
Notably, in the fiscal years ending January 29, 2022, and January 30, 2021, the company reported higher debt-to-equity ratios of 0.90 and 0.00, respectively. The ratio of 0.00 in 2021 indicates that Macy's had no debt reported for that fiscal year, resulting in an infinite debt-to-equity ratio.
It is essential to examine the reasons behind these fluctuations to understand Macy's capital structure and its ability to manage debt effectively. Overall, the trend in the debt-to-equity ratio suggests that Macy's has varying levels of debt relative to equity over the years, highlighting the importance of monitoring and managing its debt levels for financial stability.
Peer comparison
Feb 3, 2024