Nordstrom Inc (JWN)
Debt-to-capital 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 stockholders’ equity | US$ in thousands | 848,000 | 739,000 | 581,000 | 305,000 | 979,000 |
| Debt-to-capital ratio | 0.75 | 0.79 | 0.83 | 0.00 | 0.00 |
February 3, 2024 calculation
Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $2,612,000K ÷ ($2,612,000K + $848,000K)
= 0.75
The debt-to-capital ratio of Nordstrom Inc has fluctuated over the past five years. In 2024, the ratio stands at 0.75, showing a slight decrease from the previous year's 0.79. This indicates that the company's debt level relative to its total capital has decreased. However, it is important to note that the ratio was significantly higher in 2022 at 0.83. The ratios for 2021 and 2020 are notably lower at 0.00, suggesting a significant change in the company's capital structure during those years. Overall, the trend in the debt-to-capital ratio reflects fluctuations in Nordstrom Inc's leverage and capital structure over the past five years.
Peer comparison
Feb 3, 2024