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Nordstrom Quick Ratio

: 0.27 (As of Jan. 2022)
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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 Jan. 2022 was 0.27.

Nordstrom has a quick ratio of 0.27. 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: 0.27   Med: 1.16   Max: 2.05
Current: 0.27

During the past 13 years, Nordstrom's highest Quick Ratio was 2.05. The lowest was 0.27. And the median was 1.16.

JWN's Quick Ratio is ranked worse than
90.9% of 1121 companies
in the Retail - Cyclical industry
Industry Median: 0.91 vs JWN: 0.27

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 Annual Data
Trend Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22
Quick Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.45 0.41 0.37 0.43 0.27

Nordstrom Quarterly Data
Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22
Quick Ratio 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 Premium Member Only Premium Member Only Premium Member Only 0.43 0.38 0.33 0.22 0.27

Competitive Comparison

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 Quick Ratio Distribution

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. 2022 is calculated as

Quick Ratio (A: Jan. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3172-2289)/3314
=0.27

Nordstrom's Quick Ratio for the quarter that ended in Jan. 2022 is calculated as

Quick Ratio (Q: Jan. 2022 )=(Total Current Assets-Total Inventories)/Total Current Liabilities
=(3172-2289)/3314
=0.27

* 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

Thank you for viewing the detailed overview of Nordstrom's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Nordstrom Business Description

Nordstrom logo
Industry
Consumer Cyclical » Retail - Cyclical NAICS : 448140 SIC : 5651
Address
1617 Sixth Avenue, Seattle, WA, USA, 98101
Nordstrom is a fashion retailer that operates approximately 100 department stores in the U.S. and Canada and approximately 250 off-price Nordstrom Rack stores. The company also operates both full- and off-price e-commerce sites. Nordstrom's largest merchandise categories are women's apparel (29% of 2020 sales), shoes (26% of 2020 sales), and women's accessories (14% of 2020 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 Nordstrom family.
Executives
Meden Scott A officer: Chief Marketing Officer C/O NORDSTROM, INC. 1700 SEVENTH AVENUE SEATTLE WA 98101
Thomas Geevy Sk officer: President - Nordstrom Rack C/O NORDSTROM INC 5820 GLADES ROAD BOCA RATON FL 33431
Worzel Ken officer: Chief Operating Officer C/O NORDSTROM, INC. 1617 SIXTH AVENUE SEATTLE WA 98101
Bariquit Teri officer: Chief Merchandising Officer C/O NORDSTROM, INC. 1617 SIXTH AVENUE SEATTLE WA 98101
Maher Michael W officer: Chief Accounting Officer C/O NORDSTROM, INC. 1617 SIXTH AVENUE SEATTLE WA 98101
Steines Ann Munson officer: Gen. Counsel & Corp. Secretary C/O NORDSTROM, INC. 1617 SIXTH AVENUE SEATTLE WA 98101
Mesrobian Edmond officer: Chief Technology Officer 10 S ALMADEN BLVD 16TH FLOOR SAN JOSE CA 95113
Bramman Anne L officer: Chief Financial Officer 207 GOODE AVENUE GLENDALE CA 91203
Deputy Christine officer: Chief Human Resources Officer 130 ROYALL STREET CANTON MA 02021
Nordstrom Erik B director, officer: Chief Executive Officer C/O NORDSTROM INC 1617 SIXTH AVE SEATTLE WA 98101
Nordstrom Peter E director, officer: Pres. & Chief Brand Officer C/O NORDSTROM INC 1617 SIXTH AVE SEATTLE WA 98101
Nordstrom James F Jr officer: President, Stores C/O NORDSTROM, INC. 1617 SIXTH AVENUE SEATTLE WA 98101
Mcneal Glenda G director AMERICAN EXPRESS, 3 WORLD FINANCIAL CNTR 200 VESEY ST., MAILDROP 01-33-02 NEW YORK NY 10285
Green Kristen director 1617 SIXTH AVE SEATTLE WA 98101
Domier Tanya L director C/O NORDSTROM, INC. 1617 SIXTH AVENUE SEATTLE WA 98101

Nordstrom Headlines

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