Macy's Balance Sheet Health
Financial Health criteria checks 5/6
Macy's has a total shareholder equity of $4.3B and total debt of $2.4B, which brings its debt-to-equity ratio to 56.2%. Its total assets and total liabilities are $17.1B and $12.7B respectively. Macy's's EBIT is $885.0M making its interest coverage ratio 9. It has cash and short-term investments of $447.0M.
Key information
56.19%
Debt to equity ratio
US$2.43b
Debt
| Interest coverage ratio | 9x |
| Cash | US$447.00m |
| Equity | US$4.33b |
| Total liabilities | US$12.74b |
| Total assets | US$17.06b |
Recent financial health updates
No updates
Recent updates
Macy's Breakout Moment: Why The Holiday Consumer Could Fuel A Major Turnaround
Nov 17Macy's: An Undervalued Hidden Asset Play
Apr 28Macy's: Attractive Even With Mixed Guidance
Mar 12Wall Street Lunch: ICR Conference Brings In Holiday Sales Results
Jan 13Macy's: Growth Is Likely To Inflect Moving Forward (Rating Upgrade)
Dec 13Macy's Bold New Chapter Strategy Faces Too Many Uncertainties
Oct 07Macy's, Inc.: Potential For Growth Inflection, But I Am Hold Rated
Sep 24
Investing In Growth And Digital Efficiency Amidst Economic Challenges Shows Promise For Future Success
Macy's strategic focus on revamping its top stores and adapting to consumer demand shows potential for revenue growth and improved net margins.Macy'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: Q4 Results Are A Cause For Optimism
Mar 01Financial Position Analysis
Short Term Liabilities: M's short term assets ($7.4B) exceed its short term liabilities ($5.9B).
Long Term Liabilities: M's short term assets ($7.4B) exceed its long term liabilities ($6.8B).
Debt to Equity History and Analysis
Debt Level: M's net debt to equity ratio (45.9%) is considered high.
Reducing Debt: M's debt to equity ratio has reduced from 229.3% to 56.2% over the past 5 years.
Debt Coverage: M's debt is well covered by operating cash flow (63.9%).
Interest Coverage: M's interest payments on its debt are well covered by EBIT (9x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/12/28 13:31 |
| End of Day Share Price | 2025/12/26 00:00 |
| Earnings | 2025/11/01 |
| Annual Earnings | 2025/02/01 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Macy's, Inc. is covered by 28 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Christopher Graja | Argus Research Company |
| Wayne Hood | BMO Capital Markets Equity Research |
| Lorraine Corrine Hutchinson | BofA Global Research |