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
Recent updates
Macy's Bold New Chapter Strategy Faces Too Many Uncertainties
Oct 07Macy's, Inc.: Potential For Growth Inflection, But I Am Hold Rated
Sep 24Macy's: Margins And Go-Forward Sales Growth Critical To Q2 Results
Aug 19Macy's: Broken Market
Jul 15Macy's Remains On Sale After An Upsized Bid Pushes Shares Higher
Jul 05Macy's: Encouraging Q1 Points To Brighter Long-Term Prospects
May 21Macy's: Still Looking For A Bigger Bid
Apr 25Macy's: A Sell On Rising Credit Card Delinquencies
Apr 18Macy's (NYSE:M) Is Paying Out A Larger Dividend Than Last Year
Mar 05
Macy's: Q4 Results Are A Cause For Optimism
Mar 01Is Macy's (NYSE:M) Using Too Much Debt?
Jan 19Macy's: Holding For Takeover Bid, Expecting Decent Post-Holiday Sales Results
Jan 16Macy's, Inc. (NYSE:M) Stock Rockets 39% But Many Are Still Ignoring The Company
Dec 19Macy's: Hard Pass On This Buyout Offer
Dec 11Macy's (NYSE:M) Has Affirmed Its Dividend Of $0.1654
Dec 08Macy's (NYSE:M) Has Announced A Dividend Of $0.1654
Nov 24Macy's: Property Portfolio Will Not Save It As Profitability Tumbles
Nov 13Macy's (NYSE:M) Is Due To Pay A Dividend Of $0.1654
Nov 02Macy's: Navigating Modern Retail Challenges With Legacy Strengths
Oct 13Is Now The Time To Look At Buying Macy's, Inc. (NYSE:M)?
Oct 09Macy's: A Deep Value Trap?
Oct 02Returns At Macy's (NYSE:M) Appear To Be Weighed Down
Sep 21Buy Macy's: It's A Covered Land Play In Disguise
Sep 07Macy's (NYSE:M) Is Due To Pay A Dividend Of $0.1654
Aug 31Macy's: Greatly Undervalued, Extracting Value From Real Estate, Stock Buybacks And Potential Catalysts
Aug 16Financial Position Analysis
Short Term Liabilities: M's short term assets ($5.7B) exceed its short term liabilities ($3.9B).
Long Term Liabilities: M's short term assets ($5.7B) do not cover its long term liabilities ($7.7B).
Debt to Equity History and Analysis
Debt Level: M's net debt to equity ratio (54.7%) is considered high.
Reducing Debt: M's debt to equity ratio has reduced from 74.2% to 69.7% over the past 5 years.
Debt Coverage: M's debt is well covered by operating cash flow (39%).
Interest Coverage: M's interest payments on its debt are well covered by EBIT (10.6x coverage).