Nordstrom Inc (JWN)
Cash ratio
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 628,000 | 375,000 | 885,000 | 581,000 | 687,000 | 293,000 | 494,000 | 484,000 | 322,000 | 267,000 | 487,000 | 377,000 | 681,000 | 889,000 | 991,000 | 1,355,000 | 853,000 | 487,000 | 956,000 | 448,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,072,000 | 3,709,000 | 3,546,000 | 3,654,000 | 2,990,000 | 3,839,000 | 3,556,000 | 3,587,000 | 3,314,000 | 4,089,000 | 3,856,000 | 4,008,000 | 4,120,000 | 4,394,000 | 3,642,000 | 3,799,000 | 3,520,000 | 3,981,000 | 4,425,000 | 3,892,000 |
| Cash ratio | 0.20 | 0.10 | 0.25 | 0.16 | 0.23 | 0.08 | 0.14 | 0.13 | 0.10 | 0.07 | 0.13 | 0.09 | 0.17 | 0.20 | 0.27 | 0.36 | 0.24 | 0.12 | 0.22 | 0.12 |
February 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($628,000K
+ $—K)
÷ $3,072,000K
= 0.20
The cash ratio of Nordstrom Inc has fluctuated over the past few quarters, ranging from 0.07 to 0.36. The cash ratio measures the company's ability to cover its short-term liabilities using its cash and cash equivalents. A higher cash ratio indicates that the company has a greater ability to cover its short-term obligations with its readily available cash.
In the most recent quarter, the cash ratio was 0.20, which suggests that Nordstrom Inc has improved its liquidity position compared to the previous quarter where the cash ratio was 0.10. This increase could indicate a stronger ability to meet its short-term obligations using its cash reserves.
It is important to monitor the cash ratio over time to assess Nordstrom Inc's liquidity position and its ability to weather unforeseen financial challenges. A consistently high cash ratio may indicate that the company is being too conservative with its cash management, while a low ratio could suggest potential liquidity issues.
Peer comparison
Feb 3, 2024