Macy Short Term Debt vs Total Current Liabilities 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 Short Term Debt and its Total Current Liabilities 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.

Short Term Debt vs Total Current Liabilities

Short Term Debt vs Total Current Liabilities Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Macy Inc Short Term Debt account and Total Current Liabilities. At this time, the significance of the direction appears to have weak relationship.

The correlation between Macy's Short Term Debt and Total Current Liabilities is 0.36. Overlapping area represents the amount of variation of Short Term Debt that can explain the historical movement of Total Current Liabilities 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 Short Term Debt and Total Current Liabilities is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Short Term Debt of Macy Inc are associated (or correlated) with its Total Current Liabilities. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Current Liabilities has no effect on the direction of Short Term Debt i.e., Macy's Short Term Debt and Total Current Liabilities go up and down completely randomly.

Correlation Coefficient

0.36

Relationship Direction	Positive
Relationship Strength	Very Weak

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Short Term Debt

Total Current Liabilities

Total Current Liabilities is an item on Macy balance sheet that include short term debt, accounts payable, accrued salaries payable, payroll taxes payable, accrued liabilities and other debts. Total Current Liabilities of Macy Inc are important to investors because some useful performance ratios such as Current Ratio and Quick Ratio require Total Current Liabilities to be accurate. The total amount of liabilities that a company is expected to pay within one year, including debts, accounts payable, and other short-term financial obligations.

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 Short Term Debt vs Total Current Liabilities Analysis

Short Term Debt vs Total Current Liabilities

Short Term Debt vs Total Current Liabilities Correlation Analysis

Correlation Coefficient

Short Term Debt

Total Current Liabilities

Macy fundamental ratios Correlations

Macy Account Relationship Matchups

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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