What is Macy's's cash ratio?

Macy's (M) reported cash ratio of 0.3× in Q1 2026.

How has Macy's's cash ratio changed year-over-year?

Macy's's cash ratio increased by 30.4% year-over-year, from 0.2× to 0.3×.

What is the long-term trend for Macy's's cash ratio?

Over 5 years (2020 to 2025), Macy's's cash ratio has grown at a -2.4% compound annual growth rate (CAGR), from 0.3× to 0.3×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

Macy's M Cash ratio

Cash ratio at other companies

TargetTGT

0.2×0.0×

DillardsDDS

0.9×+0.1×

TJX CompaniesTJX

0.4×0.0×

Ross StoresROST

0.9×0.0×

Ulta Beauty, Inc.ULTA

0.1×-0.2×

Burlington StoresBURL

0.3×+0.2×

Other financials

Income statement

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Revenue$4.9B+2.1%

Gross profit$2.0B+1.7%

Operating income$112.0M+19.1%

Net income$63.0M+65.8%

EPS (diluted)$0.23+76.9%

Balance sheet

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Cash & equivalents$1.3B+38.8%

Total debt$2.4B-12.5%

Total equity$4.8B+8.7%

Total assets$16.3B+1.3%

Cash flow

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Operating cash flow$292.0M+556%

CapEx$88.0M-12.0%

Free cash flow$204.0M+224%

Valuation

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Market cap$6.35B+71.1%

Enterprise value$7.49B+32.2%

P/E9.5×+2.9×

P/S0.3×+0.1×

Profitability

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Gross margin40.3%-0.1pp

Operating margin4.6%+0.8pp

Net margin2.9%+0.5pp

FCF margin6.3%+3.5pp

Returns & leverage

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Return on equity14.4%+1.3pp

Debt / equity0.5×-0.1×

Current ratio1.5×0.0×

Where this comes from

Calculated from Macy's’s reported figures.

cash and equivalents/total current liabilities=0.3×

Based on the most recent quarter.

The official record: Macy's’s 10-Q, filed June 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Macy's's cash ratio?: Macy's (M) reported cash ratio of 0.3× in Q1 2026.
How has Macy's's cash ratio changed year-over-year?: Macy's's cash ratio increased by 30.4% year-over-year, from 0.2× to 0.3×.
What is the long-term trend for Macy's's cash ratio?: Over 5 years (2020 to 2025), Macy's's cash ratio has grown at a -2.4% compound annual growth rate (CAGR), from 0.3× to 0.3×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.