Macy’s Inc (M) — Cash Flow-to-Debt Ratio
Macy’s Inc (M) has a Cash Flow-to-Debt Ratio of 0.10x as of January 2026, meaning its operating cash flow of $1.18 Billion could theoretically repay 0% of its total liabilities ($11.38 Billion) in one year. See M financial flexibility index to measure the company's free cash flow as a share of total liabilities.
CF-to-Debt Ratio
Operating Cash Flow
Total Liabilities
Data as of
Macy’s Inc Cash Flow-to-Debt Ratio (1993–2026)
Historical debt coverage capacity for Macy’s Inc across 34 annual periods. For the full cash flow conversion analysis, see Macy’s Inc (M) cash conversion ratio.
Annual Cash Flow-to-Debt Ratio for Macy’s Inc (1993–2026)
Year-by-year debt coverage analysis for Macy’s Inc. Check earnings quality score of Macy’s Inc to evaluate the quality of earnings relative to operating cash generation.
| Year | CF-to-Debt Ratio | Operating CF (USD) | Total Liabilities | YoY Change |
|---|---|---|---|---|
| 2026 | 0.13x | $1.43 Billion | $11.38 Billion | ▲ +16.5% |
| 2025 | 0.11x | $1.28 Billion | $11.85 Billion | ▲ +0.9% |
| 2024 | 0.11x | $1.30 Billion | $12.21 Billion | ▼ -15.4% |
| 2023 | 0.13x | $1.61 Billion | $12.78 Billion | ▼ -34.9% |
| 2022 | 0.19x | $2.71 Billion | $13.97 Billion | ▲ +353.3% |
| 2021 | 0.04x | $649.00 Million | $15.15 Billion | ▼ -60.6% |
| 2020 | 0.11x | $1.61 Billion | $14.79 Billion | ▼ -20.1% |
| 2019 | 0.14x | $1.74 Billion | $12.76 Billion | ▼ -4.0% |
| 2018 | 0.14x | $1.94 Billion | $13.72 Billion | ▲ +22.2% |
| 2017 | 0.12x | $1.80 Billion | $15.53 Billion | ▼ -4.6% |
| 2016 | 0.12x | $1.98 Billion | $16.32 Billion | ▼ -27.8% |
| 2015 | 0.17x | $2.71 Billion | $16.08 Billion | ▲ +1.6% |
| 2014 | 0.17x | $2.55 Billion | $15.38 Billion | ▲ +9.5% |
| 2013 | 0.15x | $2.26 Billion | $14.94 Billion | ▲ +16.9% |
| 2012 | 0.13x | $2.09 Billion | $16.16 Billion | ▲ +29.9% |
| 2011 | 0.10x | $1.51 Billion | $15.10 Billion | ▼ -5.4% |
| 2010 | 0.11x | $1.75 Billion | $16.60 Billion | ▼ -1.8% |
| 2009 | 0.11x | $1.88 Billion | $17.50 Billion | ▼ -14.2% |
| 2008 | 0.13x | $2.24 Billion | $17.88 Billion | ▼ -42.2% |
| 2007 | 0.22x | $3.75 Billion | $17.30 Billion | ▲ +118.9% |
| 2006 | 0.10x | $1.94 Billion | $19.65 Billion | ▼ -42.8% |
| 2005 | 0.17x | $1.51 Billion | $8.72 Billion | ▼ -6.4% |
| 2004 | 0.18x | $1.59 Billion | $8.61 Billion | ▲ +37.2% |
| 2003 | 0.13x | $1.17 Billion | $8.68 Billion | ▼ -0.3% |
| 2002 | 0.14x | $1.28 Billion | $9.48 Billion | ▲ +17.6% |
| 2001 | 0.11x | $1.28 Billion | $11.19 Billion | ▲ +1.3% |
| 2000 | 0.11x | $1.26 Billion | $11.14 Billion | ▼ -48.0% |
| 1999 | 0.22x | $1.69 Billion | $7.75 Billion | ▲ +17.5% |
| 1998 | 0.19x | $1.57 Billion | $8.48 Billion | ▲ +45.8% |
| 1997 | 0.13x | $1.22 Billion | $9.59 Billion | ▲ +332.9% |
| 1996 | 0.03x | $294.50 Million | $10.02 Billion | ▲ +59.0% |
| 1995 | 0.02x | $161.50 Million | $8.74 Billion | ▼ -76.9% |
| 1994 | 0.08x | $410.50 Million | $5.14 Billion | ▼ -10.6% |
| 1993 | 0.09x | $441.60 Million | $4.94 Billion | — |