Macy Common Stock vs Net Debt Analysis

0JXD Stock

16.06 0.18 1.13%

Macy financial indicator trend analysis is infinitely more than just investigating Macy Inc recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Macy Inc is a good investment. Please check the relationship between Macy Common Stock and its Net Debt accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Macy Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Common Stock vs Net Debt

Common Stock vs Net Debt Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Macy Inc Common Stock account and Net Debt. At this time, the significance of the direction appears to have significant contrarian relationship.

The correlation between Macy's Common Stock and Net Debt is -0.46. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Net Debt in the same time period over historical financial statements of Macy Inc, assuming nothing else is changed. The correlation between historical values of Macy's Common Stock and Net Debt is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Macy Inc are associated (or correlated) with its Net Debt. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Debt has no effect on the direction of Common Stock i.e., Macy's Common Stock and Net Debt go up and down completely randomly.

Correlation Coefficient

-0.46

Relationship Direction	Negative
Relationship Strength	Very Weak

View All Relationships

Common Stock

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Most indicators from Macy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Macy Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Macy Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Selling General Administrative is likely to drop to about 8.4 B in 2024. Tax Provision is likely to gain to about (548.1 M) in 2024

	2014	2020	2023	2024 (projected)
Total Revenue	25.3B	23.9B	27.4B	22.9B
Depreciation And Amortization	981M	897M	1.0B	942.6M

Total Revenue Depreciation And Amortization

Macy fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Common Stock	Current Deferred Revenue	Good Will
Total Assets		0.79	0.75	0.95	0.94	0.67	0.22	0.67	-0.07	0.34	0.95	0.4	0.34	-0.43	0.23	0.93	0.89	0.76	-0.02	0.98	0.56	0.48	-0.26	0.46	0.73	0.98
Short Long Term Debt Total	0.79		0.81	0.93	0.58	0.74	0.28	0.72	0.37	0.44	0.77	0.09	0.44	-0.65	-0.13	0.86	0.94	0.66	-0.32	0.85	0.6	0.11	-0.11	0.69	0.42	0.72
Other Current Liab	0.75	0.81		0.8	0.49	0.44	-0.17	0.68	-0.11	0.72	0.66	0.14	0.72	-0.82	-0.1	0.91	0.92	0.6	-0.43	0.86	0.63	-0.22	-0.21	0.85	0.17	0.66
Total Current Liabilities	0.95	0.93	0.8		0.82	0.8	0.34	0.78	0.19	0.33	0.94	0.27	0.33	-0.58	0.01	0.94	0.95	0.81	-0.21	0.97	0.54	0.36	-0.23	0.54	0.61	0.92
Total Stockholder Equity	0.94	0.58	0.49	0.82		0.58	0.29	0.49	-0.15	0.13	0.89	0.48	0.13	-0.12	0.43	0.76	0.69	0.67	0.24	0.85	0.44	0.73	-0.24	0.19	0.88	0.96
Property Plant And Equipment Net	0.67	0.74	0.44	0.8	0.58		0.81	0.86	0.65	-0.24	0.85	0.16	-0.24	-0.55	-0.42	0.6	0.65	0.88	-0.47	0.67	-0.02	0.44	-0.28	0.08	0.38	0.69
Net Debt	0.22	0.28	-0.17	0.34	0.29	0.81		0.49	0.79	-0.74	0.49	0.0	-0.74	-0.09	-0.44	0.06	0.09	0.56	-0.27	0.15	-0.45	0.6	-0.11	-0.46	0.28	0.3
Retained Earnings	0.67	0.72	0.68	0.78	0.49	0.86	0.49		0.39	0.05	0.8	0.37	0.05	-0.81	-0.53	0.65	0.76	0.96	-0.66	0.71	-0.01	0.09	-0.59	0.26	0.09	0.69
Accounts Payable	-0.07	0.37	-0.11	0.19	-0.15	0.65	0.79	0.39		-0.49	0.17	-0.24	-0.49	-0.24	-0.66	-0.06	0.08	0.3	-0.47	-0.04	-0.33	0.1	0.02	-0.17	-0.11	-0.05
Cash	0.34	0.44	0.72	0.33	0.13	-0.24	-0.74	0.05	-0.49		0.08	0.06	1.0	-0.37	0.32	0.55	0.57	-0.06	0.03	0.45	0.84	-0.49	0.03	0.91	0.03	0.23
Non Current Assets Total	0.95	0.77	0.66	0.94	0.89	0.85	0.49	0.8	0.17	0.08		0.32	0.08	-0.51	-0.02	0.86	0.82	0.89	-0.21	0.92	0.31	0.54	-0.29	0.28	0.65	0.95
Non Currrent Assets Other	0.4	0.09	0.14	0.27	0.48	0.16	0.0	0.37	-0.24	0.06	0.32		0.06	0.04	0.26	0.13	0.31	0.46	0.25	0.28	-0.02	0.32	-0.89	-0.16	0.24	0.52
Cash And Short Term Investments	0.34	0.44	0.72	0.33	0.13	-0.24	-0.74	0.05	-0.49	1.0	0.08	0.06		-0.37	0.32	0.55	0.57	-0.06	0.03	0.45	0.84	-0.49	0.03	0.91	0.03	0.23
Net Receivables	-0.43	-0.65	-0.82	-0.58	-0.12	-0.55	-0.09	-0.81	-0.24	-0.37	-0.51	0.04	-0.37		0.64	-0.63	-0.68	-0.66	0.87	-0.59	-0.14	0.42	0.28	-0.59	0.26	-0.36
Common Stock Shares Outstanding	0.23	-0.13	-0.1	0.01	0.43	-0.42	-0.44	-0.53	-0.66	0.32	-0.02	0.26	0.32	0.64		0.1	0.0	-0.36	0.93	0.11	0.57	0.43	0.2	0.08	0.66	0.23
Non Current Liabilities Total	0.93	0.86	0.91	0.94	0.76	0.6	0.06	0.65	-0.06	0.55	0.86	0.13	0.55	-0.63	0.1		0.94	0.67	-0.21	0.98	0.68	0.18	-0.07	0.72	0.54	0.85
Inventory	0.89	0.94	0.92	0.95	0.69	0.65	0.09	0.76	0.08	0.57	0.82	0.31	0.57	-0.68	0.0	0.94		0.73	-0.26	0.95	0.64	0.1	-0.3	0.72	0.44	0.84
Other Current Assets	0.76	0.66	0.6	0.81	0.67	0.88	0.56	0.96	0.3	-0.06	0.89	0.46	-0.06	-0.66	-0.36	0.67	0.73		-0.49	0.76	-0.03	0.34	-0.6	0.12	0.3	0.81
Other Stockholder Equity	-0.02	-0.32	-0.43	-0.21	0.24	-0.47	-0.27	-0.66	-0.47	0.03	-0.21	0.25	0.03	0.87	0.93	-0.21	-0.26	-0.49		-0.17	0.32	0.49	0.19	-0.22	0.56	0.02
Total Liab	0.98	0.85	0.86	0.97	0.85	0.67	0.15	0.71	-0.04	0.45	0.92	0.28	0.45	-0.59	0.11	0.98	0.95	0.76	-0.17		0.6	0.3	-0.21	0.61	0.6	0.93
Total Current Assets	0.56	0.6	0.63	0.54	0.44	-0.02	-0.45	-0.01	-0.33	0.84	0.31	-0.02	0.84	-0.14	0.57	0.68	0.64	-0.03	0.32	0.6		-0.02	0.27	0.84	0.51	0.45
Short Term Debt	0.48	0.11	-0.22	0.36	0.73	0.44	0.6	0.09	0.1	-0.49	0.54	0.32	-0.49	0.42	0.43	0.18	0.1	0.34	0.49	0.3	-0.02		-0.05	-0.44	0.85	0.57
Intangible Assets	-0.26	-0.11	-0.21	-0.23	-0.24	-0.28	-0.11	-0.59	0.02	0.03	-0.29	-0.89	0.03	0.28	0.2	-0.07	-0.3	-0.6	0.19	-0.21	0.27	-0.05		0.17	0.12	-0.38
Common Stock	0.46	0.69	0.85	0.54	0.19	0.08	-0.46	0.26	-0.17	0.91	0.28	-0.16	0.91	-0.59	0.08	0.72	0.72	0.12	-0.22	0.61	0.84	-0.44	0.17		0.08	0.32
Current Deferred Revenue	0.73	0.42	0.17	0.61	0.88	0.38	0.28	0.09	-0.11	0.03	0.65	0.24	0.03	0.26	0.66	0.54	0.44	0.3	0.56	0.6	0.51	0.85	0.12	0.08		0.74
Good Will	0.98	0.72	0.66	0.92	0.96	0.69	0.3	0.69	-0.05	0.23	0.95	0.52	0.23	-0.36	0.23	0.85	0.84	0.81	0.02	0.93	0.45	0.57	-0.38	0.32	0.74

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Macy Common Stock vs Net Debt Analysis

Common Stock vs Net Debt

Common Stock vs Net Debt Correlation Analysis

Correlation Coefficient

Common Stock

Net Debt

Macy fundamental ratios Correlations

Macy Account Relationship Matchups

High Positive Relationship

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COMMON DESTINATIONS

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COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.98	Total Assets
Good Will	+ 0.98	Total Assets
Total Liab	+ 0.98	Non Current Liabilities Total
Total Liab	+ 0.97	Total Current Liabilities
Good Will	+ 0.96	Total Stockholder Equity

Intangible Assets	- 0.89	Non Currrent Assets Other
Net Receivables	- 0.82	Other Current Liab
Net Receivables	- 0.81	Retained Earnings
Cash And Short Term Investments	- 0.74	Net Debt
Cash	- 0.74	Net Debt
Inventory	- 0.68	Net Receivables