Nordstrom Inc (JWN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,140,000	848,000	848,000	739,000	739,000
Debt-to-capital ratio		0.00	0.75	0.00	0.00	0.79

January 31, 2025 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $—K ÷ ($—K + $1,140,000K)
= 0.00

Based on the data provided, Nordstrom Inc's debt-to-capital ratio has shown fluctuations over the years.

As of January 28, 2023, the ratio was 0.79, indicating that the company had a higher level of debt compared to its capital structure.

However, the ratio dropped significantly to 0.00 as of January 31, 2023, and has remained at that level for the subsequent year as well. A debt-to-capital ratio of 0.00 suggests that the company had either no debt or a minimal amount of debt relative to its total capital.

The ratio increased to 0.75 as of February 3, 2024, showing that the company had taken on more debt compared to its capital structure once again.

Finally, as of January 31, 2025, the ratio was back down to 0.00, indicating a similar debt-free or low debt situation.

Overall, Nordstrom Inc's debt-to-capital ratio has experienced fluctuations, with periods of higher debt levels followed by significant reductions or even periods of no debt. It is important to closely monitor this ratio to assess the company's leverage and financial risk.