Macy’s Inc (M)
Debt-to-equity 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 stockholders’ equity | US$ in thousands | 4,552,000 | 17,293,000 | 4,303,000 | 4,186,000 | 4,137,000 | 4,137,000 | 4,144,000 | 4,144,000 | 4,210,000 | 4,210,000 | 4,170,000 | 4,170,000 | 4,082,000 | 4,082,000 | 3,475,000 | 3,475,000 | 3,531,000 | 3,531,000 | 3,278,000 | 3,621,000 |
| Debt-to-equity ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.65 | 0.00 | 0.00 | 0.56 | 0.00 | 0.59 | 0.00 | 0.59 | 0.00 | 0.63 | 0.00 | 0.68 | 0.00 | 0.71 | 0.00 | 0.00 |
January 31, 2025 calculation
Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $4,552,000K
= 0.00
Macy’s Inc debt-to-equity ratio has shown some fluctuations over the analyzed periods. Initially, in July 2022, the ratio increased to 0.71, indicating that the company relied more on debt financing compared to equity. However, in October 2022, the ratio decreased to 0.68, suggesting a slight improvement in the company’s financial leverage.
Subsequently, the trend reversed as the ratio declined to 0.63 in January 2023, demonstrating a lower reliance on debt financing. This trend continued in April 2023 and July 2023, where the ratio remained stable at 0.59, signifying a balanced mix of debt and equity in the company's capital structure.
In October 2023, the debt-to-equity ratio decreased further to 0.56, indicating a continued reduction in debt levels relative to equity. However, in February 2024, there was a slight uptick as the ratio increased to 0.65 before dropping back to 0.00 in April 2024 and subsequent periods.
Overall, Macy’s Inc has generally maintained a low debt-to-equity ratio, implying a conservative approach to capital structure and financial risk management. The company seems to prioritize equity financing over debt, which can be seen as a positive sign for investors and creditors in terms of financial stability and solvency.
Peer comparison
Jan 31, 2025