Nordstrom Inc (JWN)
Debt-to-assets 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | 2,612,000 | — | — | 2,611,000 | — | 2,609,000 | — | 2,608,000 | — | 2,856,000 | — | 2,855,000 | — | 2,853,000 | — | — |
| Total assets | US$ in thousands | 8,966,000 | 9,320,000 | 8,643,000 | 8,476,000 | 8,444,000 | 8,444,000 | 9,013,000 | 9,013,000 | 8,801,000 | 8,801,000 | 8,828,000 | 8,828,000 | 8,745,000 | 8,745,000 | 9,395,000 | 9,395,000 | 9,162,000 | 9,162,000 | 9,174,000 | 8,869,000 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.31 | 0.00 | 0.00 | 0.29 | 0.00 | 0.30 | 0.00 | 0.30 | 0.00 | 0.33 | 0.00 | 0.30 | 0.00 | 0.31 | 0.00 | 0.00 |
January 31, 2025 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $8,966,000K
= 0.00
Nordstrom Inc's debt-to-assets ratio provides insight into the company's financial leverage and risk exposure. A low debt-to-assets ratio indicates that Nordstrom relies more on equity financing rather than debt to fund its operations and investments.
Based on the data provided, the debt-to-assets ratio for Nordstrom fluctuated over the periods analyzed. From January 2022 to January 2023, the ratio remained consistently low at 0.00, suggesting minimal debt relative to total assets. However, there was a notable increase in the ratio in July 2022, reaching 0.31, before returning to 0.00 in subsequent periods.
The ratio increased again in January 2023 to 0.33, before declining to 0.30 in April 2023 and maintaining relatively stable around that level until July 2023. Subsequently, the ratio decreased slightly to 0.29 in October 2023 before reverting to 0.00 in January 2024.
A noteworthy observation is the spike in the debt-to-assets ratio in February 2024 to 0.31 and then decreasing back to 0.00 in April 2024 and subsequent periods. The consistent zero ratios in most periods suggest a predominantly equity-funded capital structure for Nordstrom.
Overall, Nordstrom's debt-to-assets ratio demonstrates a pattern of minimal reliance on debt for financing its operations, with occasional fluctuations observed. Investors and stakeholders may view this trend positively as it indicates a lower financial risk and potential for greater financial stability in the long term.
Peer comparison
Jan 31, 2025