Nordstrom Inc (JWN)
Quick ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,035,000 | 628,000 | 628,000 | 687,000 | 687,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | 334,000 | — | — | 265,000 |
| Total current liabilities | US$ in thousands | 3,088,000 | 3,072,000 | 3,072,000 | 2,990,000 | 2,990,000 |
| Quick ratio | 0.34 | 0.31 | 0.20 | 0.23 | 0.32 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,035,000K
+ $—K
+ $—K)
÷ $3,088,000K
= 0.34
The quick ratio of Nordstrom Inc, a key liquidity measure, reflects the company's ability to meet short-term obligations using its most liquid assets. Over the past five years, Nordstrom's quick ratio has shown fluctuations. Starting at 0.32 on January 28, 2023, the ratio decreased to 0.23 on January 31, 2023, indicating a potential decrease in the company's ability to cover its current liabilities with its quick assets. The ratio further declined to 0.20 by January 31, 2024, suggesting a potential strain on the company's liquidity position. However, there was a slight improvement by February 3, 2024, with the ratio increasing to 0.31, indicating a better ability to meet short-term obligations. Subsequently, by January 31, 2025, the quick ratio improved to 0.34, signaling enhanced liquidity and a stronger ability to cover its short-term liabilities with quick assets. Overall, the trend in Nordstrom's quick ratio reflects varying levels of liquidity over the past five years, with recent improvements suggesting a more favorable liquidity position.
Peer comparison
Jan 31, 2025