Macy's (M) Interest Coverage Ratio (2009 - 2023)
Macy's' (M) Interest Coverage Ratio stood at 6.49 in fiscal Q1 2024 (quarter ended Apr 29, 2023), down 34.2% from 9.85 a year earlier and down 58.1% from the prior quarter.
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Analysis
Macy's (M) Interest Coverage Ratio (2009 - 2023) Analysis & Trends
On a TTM basis, Macy's' Interest Coverage Ratio came in at 8.94 as of Apr 29, 2023, down 22.5% year-over-year; for FY2023 (ended Jan 28, 2023), it was 9.65, up 5.8% from FY2022.
- Across earlier fiscal years, Interest Coverage Ratio came in at 9.12 in FY2022, -15.76 in FY2021, 4.73 in FY2020 (-28.9%) and 6.66 in FY2019 (+14.7%).
- Quarterly Interest Coverage Ratio has ranged from -84.06 in fiscal Q1 2021 to 22.73 in fiscal Q4 2022 over the past five years.
- On a year-over-year basis, Interest Coverage Ratio has declined for three consecutive quarters, with growth averaging 91.2% over the last six quarters.
- Peak year-over-year performance for Interest Coverage Ratio in the last five years was growth of 381.8% in fiscal Q4 2022, against a decline of 61.2% in fiscal Q4 2021 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 15.49 (Q4 2023), 4.47 (Q3 2023) and 9.28 (Q2 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Amazon Com | 2,654.24 Bn | 2,170.93 Bn | 104.83 Bn | 20.90 |
| 2 | Home Depot | 289.19 Bn | 282.43 Bn | 16.12 Bn | 11.73 |
| 3 | Tjx Companies | 143.39 Bn | 120.94 Bn | 5.07 Bn | - |
| 4 | Lowes Companies | 105.29 Bn | 98.25 Bn | 8.58 Bn | - |
| 5 | Ross Stores | 75.79 Bn | 58.72 Bn | 2.12 Bn | - |
| 6 | Target | 72.00 Bn | 66.59 Bn | 8.94 Bn | 26.12 |
| 7 | O Reilly Automotive | 70.61 Bn | 69.69 Bn | 2.52 Bn | 14.11 |
| 8 | Carvana | 66.52 Bn | 58.12 Bn | 1.38 Bn | 6.73 |
| 9 | Autozone | 47.57 Bn | 46.47 Bn | 2.52 Bn | - |
| 10 | Macy's | 6.01 Bn | 1.73 Bn | 2.21 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Apr 29, 2023 | 6.49 |
| Jan 28, 2023 | 15.49 |
| Oct 29, 2022 | 4.47 |
| Jul 30, 2022 | 9.28 |
| Apr 30, 2022 | 9.85 |
| Jan 29, 2022 | 22.73 |
| Oct 30, 2021 | 9.87 |
| Jul 31, 2021 | 7.46 |
| May 1, 2021 | 2.72 |
| Jan 30, 2021 | 4.72 |
| Oct 31, 2020 | -1.59 |
| Aug 1, 2020 | -9.01 |
| May 2, 2020 | -84.06 |
| Feb 1, 2020 | 12.15 |
| Nov 2, 2019 | 1.00 |
| Aug 3, 2019 | 2.98 |
| May 4, 2019 | 3.76 |
| Feb 2, 2019 | 18.42 |
| Nov 3, 2018 | 2.30 |
| Aug 4, 2018 | 4.39 |
API Access
Macy's Interest Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=M&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "interest-coverage-ratio", "ticker": "M", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=interest-coverage-ratio&ticker=M&period=max&api_key=YOUR_API_KEY");
const data = await res.json();