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Macy's (M) Interest Coverage Ratio (2016 - 2023)

Macy's (M) has disclosed Interest Coverage Ratio for 15 consecutive years, with 6.49 as the latest value for Q2 2023.

  • Quarterly Interest Coverage Ratio fell 34.15% to 6.49 in Q2 2023 from the year-ago period, while the trailing twelve-month figure was 8.16 through Feb 2024, down 15.91% year-over-year, with the annual reading at 9.65 for FY2023, 5.81% up from the prior year.
  • Interest Coverage Ratio for Q2 2023 was 6.49 at Macy's, down from 15.49 in the prior quarter.
  • The five-year high for Interest Coverage Ratio was 22.73 in Q1 2022, with the low at 84.06 in Q2 2020.
  • Average Interest Coverage Ratio over 5 years is 2.04, with a median of 5.6 recorded in 2021.
  • The sharpest move saw Interest Coverage Ratio crashed 2336.11% in 2020, then skyrocketed 721.6% in 2021.
  • Over 5 years, Interest Coverage Ratio stood at 1.0 in 2019, then plummeted by 258.75% to 1.59 in 2020, then surged by 721.6% to 9.87 in 2021, then crashed by 54.75% to 4.47 in 2022, then skyrocketed by 45.27% to 6.49 in 2023.
  • According to Business Quant data, Interest Coverage Ratio over the past three periods came in at 6.49, 15.49, and 4.47 for Q2 2023, Q1 2023, and Q4 2022 respectively.