Macy's (WBO:MACY) Debt-to-Equity : 1.41 (As of Oct. 2024)

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What is Macy's Debt-to-Equity?

Macy's's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was €84 Mil. Macy's's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Oct. 2024 was €5,264 Mil. Macy's's Total Stockholders Equity for the quarter that ended in Oct. 2024 was €3,807 Mil. Macy's's debt to equity for the quarter that ended in Oct. 2024 was 1.40.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Macy's's Debt-to-Equity or its related term are showing as below:

WBO:MACY' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.77 Med: 1.5 Max: 3.86
Current: 1.41

During the past 13 years, the highest Debt-to-Equity Ratio of Macy's was 3.86. The lowest was 0.77. And the median was 1.50.

WBO:MACY's Debt-to-Equity is ranked worse than
77.37% of 1003 companies
in the Retail - Cyclical industry
Industry Median: 0.6 vs WBO:MACY: 1.41

Macy's Debt-to-Equity Historical Data

The historical data trend for Macy's's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Macy's Debt-to-Equity Chart

Macy's Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Debt-to-Equity

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1.17

3.26

1.89

1.57

1.45

Macy's Quarterly Data
	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24
Debt-to-Equity	Get a 7-Day Free Trial															1.49	1.45	1.44	1.40	1.41

Competitive Comparison of Macy's's Debt-to-Equity

For the Department Stores subindustry, Macy's's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Macy's's Debt-to-Equity Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Macy's's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Macy's's Debt-to-Equity falls into.

Macy's Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Macy's's Debt to Equity Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	5493.312)	/	3797.766
	=	1.45

Macy's's Debt to Equity Ratio for the quarter that ended in Oct. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(84.456	+	5263.812)	/	3806.946
	=	1.40

Macy's (WBO:MACY) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Macy's Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Macy's's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Macy's Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Macy's Inc (WBO:MACY) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

M:USA M:Mexico 1FDO:Italy 0JXD:UK FDO:Germany FDO:Germany MACY34:Brazil

Address

151 West 34th Street, New York, NY, USA, 10001

Website

https://www.macysinc.com

Founded in 1858 and based in New York City, Macy's operates about 500 stores under the Macy's nameplate, nearly 60 stores under the Bloomingdale's (full-price and outlet) and Bloomie's nameplates, and 157 freestanding Bluemercury specialty beauty stores. Macy's also operates e-commerce sites and licenses Bloomingdale's stores in the United Arab Emirates and Kuwait. Women's apparel, accessories, shoes, cosmetics, and fragrances composed 62% of Macy's 2023 sales.

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