How much debt does Nordstrom have?
According to Nordstrom's latest annual financial reports, the company's debt profile is as follows:
Total Debt and Liabilities
Nordstrom's total debt stands at $1.67B. This is broken down into:
- Long-term debt: $1.42B
- Short-term debt: $244.00M
The company's net debt, which accounts for cash and cash equivalents, is $630.00M. In terms of overall financial obligations, Nordstrom's total liabilities amount to $7.83B.
Debt Ratios and Metrics
To better understand Nordstrom's debt position, we can look at several key ratios:
- Debt to Equity Ratio: 1.46 - this indicates the proportion of equity and debt the company uses to finance its assets.
- Debt Ratio: 18.57% - this shows the proportion of a company's assets that are financed through debt.
- Interest Coverage Ratio: 49.90 - this measures how easily a company can pay interest on its outstanding debt.
- Long-term Debt to Capitalization: 55.49% - this shows the proportion of long-term debt in the company's capital structure.
- Total Debt to Capitalization: 59.36% - this indicates the total debt in the company's capital structure.
These metrics provide insight into Nordstrom's financial leverage and its ability to meet financial obligations. For a comprehensive understanding of the company's financial health, it's important to consider these debt metrics alongside other financial indicators and industry benchmarks.
Total Debt
$1.67B
Long-term Debt
$1.42B
Short-term Debt
$244.00M
Net Debt
$630.00M
Total Liabilities
$7.83B
Interest Coverage
49.90
Debt to Equity Ratio
1.46
Debt Ratio
18.57%
Nordstrom Historical Debt Metrics
Nordstrom Historical Debt
The table below shows various debt metrics for each year, with the latest data available for the last fiscal year 2024.
| Year | Total Debt | Long-term Debt | Short-term Debt | Net Debt | Total Liabilities | Debt to Equity | Debt Ratio | Interest Coverage | Long-term Debt to Capitalization | Total Debt to Capitalization |
|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $1.67B | $1.42B | $244.00M | $630.00M | $7.83B | 1.46 | 18.57% | 49.90 | 55.49% | 59.36% |
| 2023 | $4.48B | $3.99B | $490.00M | $3.85B | $7.60B | 5.28 | 53.04% | 3.91 | 75.49% | 84.08% |
| 2022 | $4.64B | $5.91B | $258.00M | $3.95B | $8.01B | 6.28 | 53.06% | 3.63 | 85.57% | 86.26% |
| 2021 | $4.65B | $5.96B | $242.00M | $4.33B | $8.29B | 8.01 | 52.44% | 2.00 | 88.36% | 88.90% |
| 2020 | $5.22B | $6.14B | $760.00M | $4.54B | $9.23B | 17.10 | 54.69% | -5.78 | 93.59% | 94.48% |
| 2019 | $4.79B | $6.43B | $244.00M | $3.94B | $8.76B | 4.90 | 49.25% | 7.69 | 82.30% | 83.04% |
| 2018 | $2.69B | $2.68B | $8.00M | $1.73B | $7.01B | 3.08 | 34.05% | 8.05 | 75.41% | 75.46% |
| 2017 | $2.74B | $2.68B | $56.00M | $1.56B | $7.14B | 2.80 | 33.73% | 6.81 | 73.29% | 73.69% |
| 2016 | $2.77B | $2.76B | $11.00M | $1.77B | $6.99B | 3.19 | 35.30% | 8.28 | 76.05% | 76.13% |
| 2015 | $2.81B | $2.79B | $10.00M | $2.21B | $6.83B | 3.22 | 36.44% | 8.81 | 76.24% | 76.31% |
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