Nordstrom Inc (JWN)
Cash ratio
Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash and cash equivalents | US$ in thousands | 1,035,000 | 397,000 | 679,000 | 428,000 | 628,000 | 628,000 | 375,000 | 375,000 | 885,000 | 885,000 | 581,000 | 581,000 | 687,000 | 687,000 | 293,000 | 293,000 | 494,000 | 494,000 | 484,000 | 322,000 |
Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Total current liabilities | US$ in thousands | 3,088,000 | 3,532,000 | 3,218,000 | 3,135,000 | 3,072,000 | 3,072,000 | 3,709,000 | 3,709,000 | 3,546,000 | 3,546,000 | 3,654,000 | 3,654,000 | 2,990,000 | 2,990,000 | 3,839,000 | 3,839,000 | 3,556,000 | 3,556,000 | 3,587,000 | 3,314,000 |
Cash ratio | 0.34 | 0.11 | 0.21 | 0.14 | 0.20 | 0.20 | 0.10 | 0.10 | 0.25 | 0.25 | 0.16 | 0.16 | 0.23 | 0.23 | 0.08 | 0.08 | 0.14 | 0.14 | 0.13 | 0.10 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,035,000K
+ $—K)
÷ $3,088,000K
= 0.34
The cash ratio, which measures a company's ability to cover its short-term liabilities with cash and cash equivalents, has shown fluctuating trends for Nordstrom Inc over the past few years. The ratio increased from 0.10 as of January 31, 2022, to 0.25 as of July 29, 2023, indicating an improvement in the company's liquidity position during this period.
However, the cash ratio declined to 0.10 as of October 28, 2023, before increasing again to 0.20 as of January 31, 2024. The ratio then remained relatively stable around 0.20 for the next few quarters, except for a slight decrease to 0.14 as of April 30, 2024.
The most significant increase in the cash ratio occurred on January 31, 2025, when it reached 0.34, reflecting a substantial improvement in Nordstrom's ability to meet its short-term obligations with available cash and cash equivalents.
Overall, the cash ratio for Nordstrom Inc has shown variability over the reporting periods, with fluctuations indicating changes in the company's liquidity position and its ability to manage short-term financial obligations.
Peer comparison
Jan 31, 2025