Nordstrom Inc (JWN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	848,000	729,000	674,000	551,000	739,000	606,000	663,000	589,000	581,000	359,000	268,000	166,000	305,000	252,000	174,000	397,000	979,000	851,000	759,000	651,000
Debt-to-capital ratio		0.75	0.78	0.79	0.83	0.79	0.82	0.81	0.83	0.83	0.89	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-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 for Nordstrom Inc has fluctuated over the past few quarters. The ratio stood at 0.75 as of February 3, 2024, showing a decrease from the previous quarter. This indicates that the company's debt as a proportion of its capital decreased in the most recent period.

Looking back over the past year, the debt-to-capital ratio has ranged from 0.75 to 0.89. This suggests that Nordstrom has been managing its debt levels relative to its total capital throughout the year, with some fluctuations in the ratio.

It is worth noting that there are instances where the debt-to-capital ratio is reported as 0.00, indicating that either the company did not have any debt during those periods or there may be data reporting issues.

In conclusion, Nordstrom's debt-to-capital ratio has shown some variability in recent periods, but overall, the company appears to be effectively managing its debt levels in relation to its capital structure.