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Nordstrom (Nordstrom) Quick Ratio : 0.36 (As of Apr. 2024)


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What is Nordstrom Quick Ratio?

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Nordstrom's quick ratio for the quarter that ended in Apr. 2024 was 0.36.

Nordstrom has a quick ratio of 0.36. It indicates that the company cannot currently fully pay back its current liabilities.

The historical rank and industry rank for Nordstrom's Quick Ratio or its related term are showing as below:

JWN' s Quick Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.4   Max: 1.26
Current: 0.36

During the past 13 years, Nordstrom's highest Quick Ratio was 1.26. The lowest was 0.22. And the median was 0.40.

JWN's Quick Ratio is ranked worse than
81.33% of 1125 companies
in the Retail - Cyclical industry
Industry Median: 0.85 vs JWN: 0.36

Nordstrom Quick Ratio Historical Data

The historical data trend for Nordstrom's Quick Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nordstrom Quick Ratio Chart

Nordstrom Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Quick Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.37 0.43 0.27 0.42 0.41

Nordstrom Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Quick Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.43 0.29 0.41 0.36

Competitive Comparison of Nordstrom's Quick Ratio

For the Department Stores subindustry, Nordstrom's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nordstrom's Quick Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Nordstrom's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Nordstrom's Quick Ratio falls into.



Nordstrom Quick Ratio Calculation

The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.

Nordstrom's Quick Ratio for the fiscal year that ended in Jan. 2024 is calculated as

Quick Ratio (A: Jan. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3136-1888)/3072
=0.41

Nordstrom's Quick Ratio for the quarter that ended in Apr. 2024 is calculated as

Quick Ratio (Q: Apr. 2024 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3218-2095)/3135
=0.36

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Nordstrom  (NYSE:JWN) Quick Ratio Explanation

The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.

In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.

The higher the quick ratio, the better the company's liquidity position.


Nordstrom Quick Ratio Related Terms

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Nordstrom (Nordstrom) Business Description

Address
1617 Sixth Avenue, Seattle, WA, USA, 98101
Nordstrom is a fashion retailer that operates about 93 department stores and approximately 260 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites, two clearance stores, and seven Local locations. Nordstrom's largest merchandise categories are women's apparel (28% of 2022 sales), shoes (26% of 2022 sales), men's apparel (15% of 2022 sales), and women's accessories (13% of 2022 sales). Nordstrom, which traces its history to a shoe store opened in Seattle in 1901, continues to be partially owned and managed by members of the eponymous family.
Executives
Gemma Lionello officer: Executive Vice President C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Guy Persaud director C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Fanya Chandler officer: President, Nordstrom Stores C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Teri Bariquit officer: Executive Vice President C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Cathy R Smith officer: Chief Financial Officer TARGET CORPORATION, 1000 NICOLLET MALL, TPS-3155, MINNEAPOLIS MN 55403
Jason Morris officer: CTIO C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATLE WA 98101
Eric D Sprunk director ONE BOWERMAN DRIVE, BEAVERTON OR 97005
Ken Worzel officer: Executive Vice President C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Atticus Nathaniel Tysen director C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Anne L Bramman officer: Chief Financial Officer 207 GOODE AVENUE, GLENDALE CA 91203
Amie Thuener O'toole director C/O ALPHABET INC., 1600 AMPHITHEATRE PKWY, MOUNTAIN VIEW CA 94043
Peter E Nordstrom officer: Executive Vice President C/O NORDSTROM INC, 1617 SIXTH AVE, SEATTLE WA 98101
Bradley D Tilden director NORDSTROM, INC. ATTN: CORP. SEC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Farrell B. Redwine officer: Chief Human Resources Officer C/O NORDSTROM, INC., 1617 SIXTH AVENUE, SEATTLE WA 98101
Geevy Sk Thomas officer: Executive Vice President C/O NORDSTROM INC, 5820 GLADES ROAD, BOCA RATON FL 33431