Macy's Balance Sheet Health
Financial Health criteria checks 4/6
Macy's has a total shareholder equity of $4.1B and total debt of $3.2B, which brings its debt-to-equity ratio to 76.2%. Its total assets and total liabilities are $18.1B and $14.0B respectively. Macy's's EBIT is $1.1B making its interest coverage ratio 8.1. It has cash and short-term investments of $364.0M.
Key information
76.2%
Debt to equity ratio
US$3.16b
Debt
Interest coverage ratio | 8.1x |
Cash | US$364.00m |
Equity | US$4.14b |
Total liabilities | US$13.97b |
Total assets | US$18.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FDO's short term assets ($7.1B) exceed its short term liabilities ($6.0B).
Long Term Liabilities: FDO's short term assets ($7.1B) do not cover its long term liabilities ($8.0B).
Debt to Equity History and Analysis
Debt Level: FDO's net debt to equity ratio (67.4%) is considered high.
Reducing Debt: FDO's debt to equity ratio has reduced from 97.1% to 76.2% over the past 5 years.
Debt Coverage: FDO's debt is well covered by operating cash flow (40.7%).
Interest Coverage: FDO's interest payments on its debt are well covered by EBIT (8.1x coverage).