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.