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 $3.0B, which brings its debt-to-equity ratio to 72.5%. Its total assets and total liabilities are $16.2B and $12.1B respectively. Macy's's EBIT is $1.3B making its interest coverage ratio 10. It has cash and short-term investments of $1.0B.
Key information
72.5%
Debt to equity ratio
US$3.00b
Debt
Interest coverage ratio | 10x |
Cash | US$1.03b |
Equity | US$4.14b |
Total liabilities | US$12.11b |
Total assets | US$16.25b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: FDO's short term assets ($6.1B) exceed its short term liabilities ($4.4B).
Long Term Liabilities: FDO's short term assets ($6.1B) do not cover its long term liabilities ($7.7B).
Debt to Equity History and Analysis
Debt Level: FDO's net debt to equity ratio (47.5%) is considered high.
Reducing Debt: FDO's debt to equity ratio has reduced from 73.3% to 72.5% over the past 5 years.
Debt Coverage: FDO's debt is well covered by operating cash flow (43.5%).
Interest Coverage: FDO's interest payments on its debt are well covered by EBIT (10x coverage).