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
Is Macy's (NYSE:M) Using Too Much Debt?
Jan 19
Does Macy's (NYSE:M) Have A Healthy Balance Sheet?
Aug 02Macy's (NYSE:M) Takes On Some Risk With Its Use Of Debt
Apr 05Recent updates
Macy's (NYSE:M) Is Paying Out A Larger Dividend Than Last Year
Mar 05Macy'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 16Does Macy's (NYSE:M) Have A Healthy Balance Sheet?
Aug 02Macy's: Declining Sales A Concern But Not Worth Selling The Stock Over
Aug 02Macy's: Business As Usual
Jul 22Is There An Opportunity With Macy's, Inc.'s (NYSE:M) 39% Undervaluation?
Jul 05Macy's (NYSE:M) Hasn't Managed To Accelerate Its Returns
Jun 22Macy's: Now Fairly Valued
Jun 20A Conservative Strategy For Playing Macy's Already Low Valuation
Jun 05Macy's' (NYSE:M) Dividend Will Be $0.1654
Jun 04Why Macy's, Inc. (NYSE:M) Could Be Worth Watching
May 03Macy's (NYSE:M) Takes On Some Risk With Its Use Of Debt
Apr 05Estimating The Fair Value Of Macy's, Inc. (NYSE:M)
Mar 23Returns Are Gaining Momentum At Macy's (NYSE:M)
Mar 09Financial Position Analysis
Short Term Liabilities: M's short term assets ($6.1B) exceed its short term liabilities ($4.4B).
Long Term Liabilities: M's short term assets ($6.1B) do not cover its long term liabilities ($7.7B).
Debt to Equity History and Analysis
Debt Level: M's net debt to equity ratio (47.5%) is considered high.
Reducing Debt: M's debt to equity ratio has reduced from 73.3% to 72.5% over the past 5 years.
Debt Coverage: M's debt is well covered by operating cash flow (43.5%).
Interest Coverage: M's interest payments on its debt are well covered by EBIT (10x coverage).