Nordstrom Inc (JWN)

Debt-to-capital 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 stockholders’ equity	US$ in thousands	1,140,000	987,000	948,000	836,000	848,000	848,000	729,000	729,000	674,000	674,000	551,000	551,000	739,000	739,000	606,000	606,000	663,000	663,000	589,000	581,000
Debt-to-capital ratio		0.00	0.00	0.00	0.00	0.75	0.00	0.00	0.78	0.00	0.79	0.00	0.83	0.00	0.79	0.00	0.82	0.00	0.81	0.00	0.00

January 31, 2025 calculation

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

The debt-to-capital ratio for Nordstrom Inc fluctuated over the period from January 31, 2022, to January 31, 2025. The ratio was consistently at 0.00 from January 31, 2022, to April 30, 2022. However, starting from July 30, 2022, the ratio increased to 0.81, indicating a significant portion of the company's capital was funded by debt. This high level decreased to 0.00 from July 31, 2022, to January 31, 2023.

Thereafter, the ratio experienced fluctuations but generally remained below 1, except for a peak of 0.83 on April 29, 2023. The ratio was generally in the range of 0.75 to 0.83 up to April 30, 2023. It then decreased to 0.00 from April 30, 2023, to October 31, 2024, indicating minimal or no debt funding in relation to the company's capital.

Overall, Nordstrom Inc maintained a low debt-to-capital ratio during the period under review, with sporadic increases and decreases. This suggests the company had a conservative approach to debt capitalization and may have preferred to fund operations and investments through equity financing.