Macy’s Inc (M)
Debt-to-equity ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2,675,000 | 3,254,000 | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 4,137,000 | 4,144,000 | 4,210,000 | 4,170,000 | 4,082,000 | 3,475,000 | 3,531,000 | 3,278,000 | 3,621,000 | 3,008,000 | 3,146,000 | 2,675,000 | 2,553,000 | 2,243,000 | 2,324,000 | 2,697,000 | 6,377,000 | 6,057,000 | 6,315,000 | 6,323,000 |
| Debt-to-equity ratio | 0.65 | 0.56 | 0.59 | 0.59 | 0.63 | 0.68 | 0.71 | 0.82 | 0.90 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 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 of Macy's Inc has varied over the past few quarters. The ratio indicates the proportion of the company's debt financing relative to its equity financing. In the most recent quarter, the ratio was 0.65, showing that Macy's had a higher level of debt compared to equity.
Looking at the trend, the ratio has fluctuated between 0.56 to 0.90 over the previous quarters. Generally, a lower debt-to-equity ratio is considered more favorable as it signifies lower financial risk and indicates that the company is relying more on equity to finance its operations.
It is noteworthy that in the last three quarters of 2021 and the first three quarters of 2022, the debt-to-equity ratio was recorded as 0.00. This could suggest that there may have been significant changes in the company's capital structure or reporting practices during those periods.
Overall, monitoring the debt-to-equity ratio over time can provide valuable insights into Macy's financial leverage and risk management strategies.
Peer comparison
Feb 3, 2024