Nordstrom Balance Sheet Health
Financial Health criteria checks 3/6
Nordstrom has a total shareholder equity of $848.0M and total debt of $2.9B, which brings its debt-to-equity ratio to 337.5%. Its total assets and total liabilities are $8.4B and $7.6B respectively. Nordstrom's EBIT is $567.0M making its interest coverage ratio 5.5. It has cash and short-term investments of $628.0M.
Key information
337.5%
Debt to equity ratio
US$2.86b
Debt
Interest coverage ratio | 5.5x |
Cash | US$628.00m |
Equity | US$848.00m |
Total liabilities | US$7.60b |
Total assets | US$8.44b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: J1WN34's short term assets ($3.1B) exceed its short term liabilities ($3.1B).
Long Term Liabilities: J1WN34's short term assets ($3.1B) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: J1WN34's net debt to equity ratio (263.4%) is considered high.
Reducing Debt: J1WN34's debt to equity ratio has increased from 311.2% to 337.5% over the past 5 years.
Debt Coverage: J1WN34's debt is well covered by operating cash flow (21.7%).
Interest Coverage: J1WN34's interest payments on its debt are well covered by EBIT (5.5x coverage).