Nordstrom Inc (JWN)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,136,000 | 3,715,000 | 3,510,000 | 3,511,000 | 3,209,000 | 3,807,000 | 3,601,000 | 3,539,000 | 3,172,000 | 3,777,000 | 3,461,000 | 3,499,000 | 3,642,000 | 3,907,000 | 3,405,000 | 3,667,000 | 3,230,000 | 3,573,000 | 3,483,000 | 2,958,000 |
| 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 |
| Current ratio | 1.02 | 1.00 | 0.99 | 0.96 | 1.07 | 0.99 | 1.01 | 0.99 | 0.96 | 0.92 | 0.90 | 0.87 | 0.88 | 0.89 | 0.93 | 0.97 | 0.92 | 0.90 | 0.79 | 0.76 |
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 few quarters, ranging from 0.76 to 1.07. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting good liquidity and the ability to cover short-term obligations.
Nordstrom's current ratio has generally been above 1 in recent quarters, although there have been periods with ratios slightly below 1, implying a potentially lower ability to meet short-term liabilities with current assets alone.
Overall, Nordstrom's current ratio indicates a mixed performance in managing its short-term liquidity position, and it would be important to continue monitoring this ratio to ensure the company's ability to meet its immediate financial obligations remains strong.
Peer comparison
Feb 3, 2024