Nordstrom Inc (JWN)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 334,000 | 322,000 | 246,000 | 279,000 | 265,000 | 288,000 | 300,000 | 297,000 | 255,000 | 273,000 | 317,000 | 238,000 | 245,000 | 256,000 | 146,000 | 154,000 | 179,000 | 234,000 | 211,000 | 233,000 |
| 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 |
| Quick ratio | 0.31 | 0.19 | 0.32 | 0.24 | 0.32 | 0.15 | 0.22 | 0.22 | 0.17 | 0.13 | 0.21 | 0.15 | 0.22 | 0.26 | 0.31 | 0.40 | 0.29 | 0.18 | 0.26 | 0.17 |
February 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($628,000K
+ $—K
+ $334,000K)
÷ $3,072,000K
= 0.31
The quick ratio of Nordstrom Inc has fluctuated over the past few quarters, ranging from a low of 0.13 to a high of 0.40. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1.0 indicates that the company may have difficulty meeting its short-term liabilities.
Nordstrom's quick ratio has shown some inconsistency, with significant variations seen between periods. For instance, the quick ratio was particularly low in October 2023 at 0.19, indicating potential liquidity challenges during that period. In contrast, the quick ratio improved in February 2020 to 0.40, suggesting a stronger ability to cover short-term obligations.
Overall, Nordstrom Inc's quick ratio has shown some volatility, possibly reflecting fluctuations in its liquidity position and ability to manage short-term financial commitments effectively. Investors and stakeholders may want to closely monitor this ratio to assess the company's liquidity health and financial stability.
Peer comparison
Feb 3, 2024