Nordstrom Inc (JWN)
Quick ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 1,035,000 | 397,000 | 679,000 | 428,000 | 628,000 | 628,000 | 375,000 | 375,000 | 885,000 | 885,000 | 581,000 | 581,000 | 687,000 | 687,000 | 293,000 | 293,000 | 494,000 | 494,000 | 484,000 | 322,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | 334,000 | — | — | 322,000 | — | 246,000 | — | 279,000 | — | 265,000 | — | 288,000 | — | 300,000 | — | — |
| Total current liabilities | US$ in thousands | 3,088,000 | 3,532,000 | 3,218,000 | 3,135,000 | 3,072,000 | 3,072,000 | 3,709,000 | 3,709,000 | 3,546,000 | 3,546,000 | 3,654,000 | 3,654,000 | 2,990,000 | 2,990,000 | 3,839,000 | 3,839,000 | 3,556,000 | 3,556,000 | 3,587,000 | 3,314,000 |
| Quick ratio | 0.34 | 0.11 | 0.21 | 0.14 | 0.31 | 0.20 | 0.10 | 0.19 | 0.25 | 0.32 | 0.16 | 0.24 | 0.23 | 0.32 | 0.08 | 0.15 | 0.14 | 0.22 | 0.13 | 0.10 |
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 has shown fluctuations over the recorded periods. The ratio was at its lowest at 0.08 on October 31, 2022, indicating a potential liquidity strain. However, it improved to 0.34 on January 31, 2025, suggesting strengthened liquidity position. Generally, a quick ratio below 1 may raise concerns about the company's ability to cover its short-term obligations with its most liquid assets. It is important to monitor the trend of the quick ratio over time to assess Nordstrom Inc's liquidity risk and financial health effectively.
Peer comparison
Jan 31, 2025