Macy’s Inc (M) — Working Capital to Net Assets Ratio
Macy’s Inc (M) has a Working Capital to Net Assets ratio of 44.9% as of January 2026. Working capital of $2.18 Billion (current assets of $6.67 Billion minus current liabilities of $4.49 Billion) is measured against net assets of $4.86 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See M equity to assets ratio to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Macy’s Inc Working Capital to Net Assets (1993–2026)
This chart shows how Macy’s Inc's Working Capital to Net Assets ratio has evolved across 34 annual periods from 1993 to 2026. As of January 2026, the ratio stands at 44.9%, reflecting working capital of $2.18 Billion against net assets of $4.86 Billion USD. Check tangible net worth ratio of Macy’s Inc to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Macy’s Inc (1993–2026)
The table below presents the year-by-year Working Capital to Net Assets ratio for Macy’s Inc from 1993 to 2026, covering 34 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see Macy’s Inc market capitalisation.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2026 | 44.9% | $2.18 Billion | $4.86 Billion | $6.67 Billion | $4.49 Billion | ▲ +1.9 pp |
| 2025 | 42.9% | $1.96 Billion | $4.55 Billion | $6.48 Billion | $4.52 Billion | ▲ +4.4 pp |
| 2024 | 38.6% | $1.56 Billion | $4.04 Billion | $6.09 Billion | $4.53 Billion | ▲ +14.3 pp |
| 2023 | 24.3% | $992.00 Million | $4.08 Billion | $5.85 Billion | $4.86 Billion | ▼ -12.8 pp |
| 2022 | 37.1% | $1.34 Billion | $3.62 Billion | $6.76 Billion | $5.42 Billion | ▲ +4.7 pp |
| 2021 | 32.4% | $827.00 Million | $2.55 Billion | $6.18 Billion | $5.36 Billion | ▲ +15.8 pp |
| 2020 | 16.6% | $1.06 Billion | $6.38 Billion | $6.81 Billion | $5.75 Billion | ▼ -17.8 pp |
| 2019 | 34.4% | $2.21 Billion | $6.44 Billion | $7.45 Billion | $5.23 Billion | ▼ -7.5 pp |
| 2018 | 41.8% | $2.37 Billion | $5.66 Billion | $7.44 Billion | $5.08 Billion | ▼ -3.9 pp |
| 2017 | 45.8% | $1.98 Billion | $4.32 Billion | $7.63 Billion | $5.65 Billion | ▲ +0.6 pp |
| 2016 | 45.2% | $1.92 Billion | $4.25 Billion | $7.65 Billion | $5.73 Billion | ▼ -13.2 pp |
| 2015 | 58.4% | $3.14 Billion | $5.38 Billion | $8.68 Billion | $5.54 Billion | ▲ +11.0 pp |
| 2014 | 47.5% | $2.96 Billion | $6.24 Billion | $8.69 Billion | $5.73 Billion | ▲ +1.2 pp |
| 2013 | 46.3% | $2.80 Billion | $6.05 Billion | $7.88 Billion | $5.08 Billion | ▲ +3.4 pp |
| 2012 | 42.9% | $2.54 Billion | $5.93 Billion | $8.78 Billion | $6.23 Billion | ▲ +9.7 pp |
| 2011 | 33.2% | $1.83 Billion | $5.53 Billion | $6.90 Billion | $5.07 Billion | ▼ -18.5 pp |
| 2010 | 51.6% | $2.43 Billion | $4.70 Billion | $6.88 Billion | $4.45 Billion | ▲ +16.9 pp |
| 2009 | 34.7% | $1.61 Billion | $4.65 Billion | $6.74 Billion | $5.13 Billion | ▲ +25.0 pp |
| 2008 | 9.7% | $964.00 Million | $9.91 Billion | $6.32 Billion | $5.36 Billion | ▲ +1.1 pp |
| 2007 | 8.7% | $1.06 Billion | $12.25 Billion | $7.42 Billion | $6.36 Billion | ▼ -10.2 pp |
| 2006 | 18.9% | $2.56 Billion | $13.52 Billion | $10.14 Billion | $7.59 Billion | ▼ -33.1 pp |
| 2005 | 52.0% | $3.21 Billion | $6.17 Billion | $7.51 Billion | $4.30 Billion | ▼ -8.0 pp |
| 2004 | 60.1% | $3.57 Billion | $5.94 Billion | $7.45 Billion | $3.88 Billion | ▼ -1.6 pp |
| 2003 | 61.7% | $3.55 Billion | $5.76 Billion | $7.15 Billion | $3.60 Billion | ▼ -2.4 pp |
| 2002 | 64.1% | $3.57 Billion | $5.56 Billion | $7.28 Billion | $3.71 Billion | ▼ -1.7 pp |
| 2001 | 65.8% | $3.83 Billion | $5.82 Billion | $8.70 Billion | $4.87 Billion | ▲ +5.2 pp |
| 2000 | 60.6% | $3.97 Billion | $6.55 Billion | $8.52 Billion | $4.55 Billion | ▲ +9.7 pp |
| 1999 | 50.9% | $2.90 Billion | $5.71 Billion | $5.97 Billion | $3.07 Billion | ▼ -8.8 pp |
| 1998 | 59.6% | $3.13 Billion | $5.26 Billion | $6.19 Billion | $3.06 Billion | ▼ -1.0 pp |
| 1997 | 60.6% | $2.83 Billion | $4.67 Billion | $6.43 Billion | $3.60 Billion | ▼ -15.7 pp |
| 1996 | 76.3% | $3.26 Billion | $4.27 Billion | $6.36 Billion | $3.10 Billion | ▲ +8.2 pp |
| 1995 | 68.1% | $2.48 Billion | $3.64 Billion | $5.19 Billion | $2.71 Billion | ▼ -18.3 pp |
| 1994 | 86.4% | $1.97 Billion | $2.28 Billion | $3.30 Billion | $1.33 Billion | ▼ -21.0 pp |
| 1993 | 107.3% | $2.23 Billion | $2.08 Billion | $3.39 Billion | $1.16 Billion | — |