Nordstrom Inc (JWN)

Debt-to-assets 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
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	2,854,000	2,853,000	2,851,000	—	—	—	—	—	—	—	—	—	—
Total assets	US$ in thousands	8,444,000	9,013,000	8,801,000	8,828,000	8,745,000	9,395,000	9,162,000	9,174,000	8,869,000	9,534,000	9,230,000	9,333,000	9,538,000	9,811,000	9,535,000	9,969,000	9,737,000	10,075,000	9,935,000	9,338,000
Debt-to-assets ratio		0.31	0.29	0.30	0.30	0.33	0.30	0.31	0.31	0.32	0.30	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	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 of Nordstrom Inc has shown some fluctuations over the past quarters, ranging from 0.29 to 0.33. This ratio indicates the proportion of the company's total assets that are financed by debt. A higher ratio suggests that a larger portion of the company's assets is funded by debt, which may indicate higher financial risk.

In the latest reported period, the debt-to-assets ratio was 0.31, indicating that about 31% of Nordstrom's assets were financed by debt. This suggests that the company relies moderately on debt to finance its operations and investments.

It is important to note that the debt-to-assets ratio was notably lower in some earlier periods, possibly due to changes in the company's capital structure or debt management strategy. An abrupt decrease to 0.00 in certain periods could be an anomaly or due to specific events like debt repayments or refinancing.

Overall, monitoring Nordstrom's debt-to-assets ratio over time can provide insights into the company's leverage and financial health, helping investors and analysts assess the risk associated with its debt levels.