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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Macy's (M) Debt to Equity (2016 - 2025)

Macy's' Debt to Equity history spans 17 years, with the latest figure at $0.56 for Q4 2025.

  • For Q4 2025, Debt to Equity fell 18.66% year-over-year to $0.56; the TTM value through Nov 2025 reached $0.56, down 18.66%, while the annual FY2025 figure was $0.61, 17.83% down from the prior year.
  • Debt to Equity for Q4 2025 was $0.56 at Macy's, down from $0.59 in the prior quarter.
  • Across five years, Debt to Equity topped out at $1.9 in Q1 2021 and bottomed at $0.56 in Q4 2025.
  • The 5-year median for Debt to Equity is $0.74 (2023), against an average of $0.91.
  • The largest YoY upside for Debt to Equity was 191.76% in 2021 against a maximum downside of 52.46% in 2021.
  • A 5-year view of Debt to Equity shows it stood at $1.14 in 2021, then dropped by 19.89% to $0.91 in 2022, then fell by 15.81% to $0.77 in 2023, then fell by 10.3% to $0.69 in 2024, then dropped by 18.66% to $0.56 in 2025.
  • Per Business Quant, the three most recent readings for M's Debt to Equity are $0.56 (Q4 2025), $0.59 (Q3 2025), and $0.62 (Q2 2025).