Macy’s Inc (M)
Financial leverage 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 16,402,000 | 17,293,000 | 15,833,000 | 16,449,000 | 16,246,000 | 17,423,000 | 18,111,000 | 18,111,000 | 16,304,000 | 16,304,000 | 16,868,000 | 16,868,000 | 16,866,000 | 16,866,000 | 18,230,000 | 18,230,000 | 16,342,000 | 16,342,000 | 16,972,000 | 17,590,000 |
| 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 |
| Financial leverage ratio | 3.60 | 1.00 | 3.68 | 3.93 | 3.93 | 4.21 | 4.37 | 4.37 | 3.87 | 3.87 | 4.05 | 4.05 | 4.13 | 4.13 | 5.25 | 5.25 | 4.63 | 4.63 | 5.18 | 4.86 |
January 31, 2025 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $16,402,000K ÷ $4,552,000K
= 3.60
The financial leverage ratio of Macy's Inc has shown fluctuations over the observed period. The ratio ranged from 4.86 to 5.25 in the beginning of the analyzed period, indicating a level of leverage in the company's capital structure. Throughout the following quarters, there were variations with the ratio hitting as low as 3.68 by July 31, 2024. However, it subsequently dropped significantly to 1.00 by October 31, 2024, which could suggest a significant change in the capital structure or financial position of the company during that period. The ratio increased slightly to 3.60 by the end of the observed period on January 31, 2025, indicating a moderate level of financial leverage. A lower financial leverage ratio generally indicates lower financial risk and less reliance on debt financing, while a higher ratio may imply higher financial risk and greater reliance on debt to fund operations and growth.
Peer comparison
Jan 31, 2025