How much debt does Macy's have?
According to Macy's's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Macy's's total debt stands at $5.71B. This is broken down into:
- Long-term debt: $5.70B
- Short-term debt: $6.00M
The company's net debt, which accounts for cash and cash equivalents, is $4.40B. In terms of overall financial obligations, Macy's's total liabilities amount to $11.85B.
Debt Ratios and Metrics
To better understand Macy's's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.25 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 34.79% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 0.00 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 37.86% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 55.62% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Macy's's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$5.71B
Long-term Debt
$5.70B
Short-term Debt
$6.00M
Net Debt
$4.40B
Total Liabilities
$11.85B
Interest Coverage
0.00
Debt to Equity Ratio
1.25
Debt Ratio
34.79%
Macy's Historical Debt Metrics
Macy's Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $5.71B | $5.70B | $6.00M | $4.40B | $11.85B | 1.25 | 34.79% | 0.00 | 37.86% | 55.62% |
| 2023 | $6.34B | $5.98B | $376.00M | $5.31B | $12.11B | 1.53 | 39.04% | 2.83 | 42.02% | 60.52% |
| 2022 | $6.40B | $5.96B | $335.00M | $5.54B | $12.78B | 1.57 | 37.93% | 10.68 | 42.33% | 61.05% |
| 2021 | $6.83B | $6.39B | $438.00M | $5.11B | $13.97B | 1.89 | 38.81% | 9.22 | 47.64% | 65.34% |
| 2020 | $8.04B | $7.59B | $652.00M | $6.37B | $15.15B | 3.15 | 45.43% | -3.41 | 63.32% | 75.91% |
| 2019 | $7.08B | $6.54B | $938.00M | $6.39B | $14.79B | 1.11 | 33.43% | 5.24 | 36.22% | 52.60% |
| 2018 | $4.75B | $4.71B | $230.00M | $3.59B | $12.76B | 0.74 | 24.75% | 7.36 | 42.12% | 42.47% |
| 2017 | $5.88B | $5.86B | $44.00M | $4.43B | $13.72B | 1.04 | 30.35% | 5.83 | 50.70% | 50.91% |
| 2016 | $6.87B | $6.56B | $492.00M | $5.57B | $15.53B | 1.59 | 34.61% | 3.62 | 60.19% | 61.38% |
| 2015 | $7.64B | $7.00B | $648.00M | $6.53B | $16.32B | 1.80 | 37.12% | 5.65 | 62.11% | 64.25% |
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