Nordstrom Inc (JWN)
Debt-to-assets ratio
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | 2,612,000 | 2,856,000 | 2,853,000 | — | — |
| Total assets | US$ in thousands | 8,444,000 | 8,745,000 | 8,869,000 | 9,538,000 | 9,737,000 |
| Debt-to-assets ratio | 0.31 | 0.33 | 0.32 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $2,612,000K ÷ $8,444,000K
= 0.31
The debt-to-assets ratio measures the proportion of a company's total assets that are financed by debt. Nordstrom Inc's debt-to-assets ratio has been relatively stable over the past three years, with values of 0.31 in 2024, 0.33 in 2023, and 0.32 in 2022. These ratios indicate that approximately 31%, 33%, and 32% of the company's total assets were financed by debt during these respective years.
It is noteworthy that Nordstrom's debt-to-assets ratio was 0.00 in both 2021 and 2020, which suggests that the company had either negligible debt or very low levels of debt relative to its total assets during those years.
Overall, the trend in Nordstrom's debt-to-assets ratio indicates a moderate reliance on debt to finance its operations, with a slight decrease in recent years compared to the earlier period. This suggests a relatively conservative approach to debt management by the company.
Peer comparison
Feb 3, 2024