Nordstrom Inc (JWN)
Current ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,136,000 | 3,209,000 | 3,172,000 | 3,642,000 | 3,230,000 |
| Total current liabilities | US$ in thousands | 3,072,000 | 2,990,000 | 3,314,000 | 4,120,000 | 3,520,000 |
| Current ratio | 1.02 | 1.07 | 0.96 | 0.88 | 0.92 |
February 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,136,000K ÷ $3,072,000K
= 1.02
The current ratio of Nordstrom Inc has fluctuated over the past five years, ranging from 0.88 to 1.07. A current ratio of 1.02 as of February 3, 2024, indicates that the company's current assets are sufficient to cover its current liabilities. However, it is slightly lower compared to the prior year, potentially indicating a tighter liquidity position. In 2022, the current ratio was 0.96, which suggests a lower ability to meet short-term obligations from current assets. It is worth noting that the current ratio has generally been below 1 over the past five years, reflecting a potential risk of liquidity issues if the trend continues. Monitoring this ratio over time is crucial to assess Nordstrom's short-term solvency and financial health.
Peer comparison
Feb 3, 2024