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LT Debt to Total Assets is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. It is calculated as a company's Long-Term Debt & Capital Lease Obligationdivide by its Total Assets. Macy's's long-term debt to total assests ratio for the quarter that ended in Jan. 2024 was 0.37.
Macy's's long-term debt to total assets ratio increased from Jan. 2023 (0.35) to Jan. 2024 (0.37). It may suggest that Macy's is progressively becoming more dependent on debt to grow their business.
The historical data trend for Macy's's LT-Debt-to-Total-Asset 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.
Macy's Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.31 | 0.43 | 0.36 | 0.35 | 0.37 |
Macy's Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
LT-Debt-to-Total-Asset | Get a 7-Day Free Trial | 0.35 | 0.36 | 0.37 | 0.33 | 0.37 |
Macy's's Long-Term Debt to Total Asset Ratio for the fiscal year that ended in Jan. 2024 is calculated as
LT Debt to Total Assets (A: Jan. 2024 ) | = | Long-Term Debt & Capital Lease Obligation (A: Jan. 2024 ) | / | Total Assets (A: Jan. 2024 ) |
= | 5984 | / | 16246 | |
= | 0.37 |
Macy's's Long-Term Debt to Total Asset Ratio for the quarter that ended in Jan. 2024 is calculated as
LT Debt to Total Assets (Q: Jan. 2024 ) | = | Long-Term Debt & Capital Lease Obligation (Q: Jan. 2024 ) | / | Total Assets (Q: Jan. 2024 ) |
= | 5984 | / | 16246 | |
= | 0.37 |
* 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.
Macy's (NYSE:M) LT-Debt-to-Total-Asset Explanation
LT Debt to Total Asset is a measurement representing the percentage of a corporation's assets that are financed with loans and financial obligations lasting more than one year. The ratio provides a general measure of the financial position of a company, including its ability to meet financial requirements for outstanding loans. A year-over-year decrease in this metric would suggest the company is progressively becoming less dependent on debt to grow their business.
Thank you for viewing the detailed overview of Macy's's LT-Debt-to-Total-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.
Adrian V Mitchell | officer: Chief Financial Officer | C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001 |
Paul Griscom | officer: Interim Principal Acctg. Offr. | C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246 |
Danielle L. Kirgan | officer: Chief Human Resources Officer | C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001 |
Garcia C Elisa D | officer: Chief Legal Officer | 151 WEST 34TH STREET, NEW YORK NY 10001 |
Jeffrey Gennette | officer: Chief Merchandising Officer | C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001 |
Antony Spring | officer: Chairman & CEO, Bloomingdale's | C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202 |
Naveen K. Chopra | director | C/O 2160 GOLD STREET, SAN JOSE CA 95002 |
Emilie Arel | director | C/O CASPER SLEEP INC., 175 GREENWICH ST., THREE WORLD TRADE CENTER, FLOOR 39, NEW YORK NY 10007 |
Jill Granoff | director | LIZ CLAIBORNE, INC., 1441 BROADWAY, NEW YORK NY 10018 |
Marie A Chandoha | director | C/O THE CHARLES SCHWAB CORPORATION, 211 MAIN STREET, SAN FRANCISCO CA 94105 |
Ashley Buchanan | director | C/O THE MICHAELS COMPANIES, INC., 8000 BENT BRANCH DRIVE, IRVING TX 75063 |
Tracey Zhen | director | C/O MACY'S, INC., 145 PROGRESS PLACE, SPRINGDALE OH 45246 |
John T. Harper | officer: Chief Operations Officer | C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001 |
Paul C Varga | director | 850 DIXIE HIGHWAY, LOUISVILLE KY 40210 |
Felicia Williams | officer: EVP,Controller/Enterprise Risk | C/O MACY'S, INC., 151 WEST 34TH STREET, NEW YORK NY 10001 |
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