Nordstrom Inc (JWN)
Debt-to-assets ratio
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | 2,612,000 | — | — | 2,856,000 |
| Total assets | US$ in thousands | 8,966,000 | 8,444,000 | 8,444,000 | 8,745,000 | 8,745,000 |
| Debt-to-assets ratio | 0.00 | 0.31 | 0.00 | 0.00 | 0.33 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,966,000K
= 0.00
The debt-to-assets ratio for Nordstrom Inc has fluctuated over the past few years. In January 28, 2023, the ratio stood at 0.33, indicating that 33% of the company's assets were financed by debt. However, in January 31, 2023 and January 31, 2024, the ratio dropped to 0.00, signaling a significant decrease in the company's reliance on debt to fund its operations and investments.
Subsequently, in February 3, 2024, the ratio increased to 0.31, suggesting a slight rise in the proportion of assets financed by debt. Finally, in January 31, 2025, the ratio returned to 0.00, implying that Nordstrom Inc once again had no debt financing in relation to its assets.
Overall, the debt-to-assets ratio trend shows that Nordstrom Inc has been actively managing its debt levels, demonstrating both periods of higher debt reliance and phases of reduced debt financing. This ratio indicates the company's ability to balance its capital structure while maintaining financial stability and operational efficiency.
Peer comparison
Jan 31, 2025