Macy's Balance Sheet Health
Financial Health criteria checks 4/6
Macy's has a total shareholder equity of $4.3B and total debt of $3.0B, which brings its debt-to-equity ratio to 69.7%. Its total assets and total liabilities are $15.8B and $11.5B respectively. Macy's's EBIT is $1.3B making its interest coverage ratio 10.6. It has cash and short-term investments of $646.0M.
Key information
69.7%
Debt to equity ratio
US$3.00b
Debt
| Interest coverage ratio | 10.6x |
| Cash | US$646.00m |
| Equity | US$4.30b |
| Total liabilities | US$11.53b |
| Total assets | US$15.83b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: MACY's short term assets ($5.7B) exceed its short term liabilities ($3.9B).
Long Term Liabilities: MACY's short term assets ($5.7B) do not cover its long term liabilities ($7.7B).
Debt to Equity History and Analysis
Debt Level: MACY's net debt to equity ratio (54.7%) is considered high.
Reducing Debt: MACY's debt to equity ratio has reduced from 74.2% to 69.7% over the past 5 years.
Debt Coverage: MACY's debt is well covered by operating cash flow (39%).
Interest Coverage: MACY's interest payments on its debt are well covered by EBIT (10.6x coverage).