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 how much free cash does Macy’s Inc generate to measure how efficiently the company converts operating cash flow to free cash.
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. Also explore M net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Cash Flow-to-Debt Ratio for Macy’s Inc (1993–2026)
Year-by-year debt coverage analysis for Macy’s Inc. For market capitalisation and broader financial context, see Macy’s Inc (M) market capitalisation.
| 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 | — |