Nordstrom Balance Sheet Health
Financial Health criteria checks 4/6
Nordstrom has a total shareholder equity of $948.0M and total debt of $2.6B, which brings its debt-to-equity ratio to 275.8%. Its total assets and total liabilities are $8.6B and $7.7B respectively. Nordstrom's EBIT is $548.0M making its interest coverage ratio 5.3. It has cash and short-term investments of $679.0M.
Key information
275.8%
Debt to equity ratio
US$2.62b
Debt
| Interest coverage ratio | 5.3x |
| Cash | US$679.00m |
| Equity | US$948.00m |
| Total liabilities | US$7.70b |
| Total assets | US$8.64b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NRD's short term assets ($3.4B) exceed its short term liabilities ($3.2B).
Long Term Liabilities: NRD's short term assets ($3.4B) do not cover its long term liabilities ($4.5B).
Debt to Equity History and Analysis
Debt Level: NRD's net debt to equity ratio (204.2%) is considered high.
Reducing Debt: NRD's debt to equity ratio has reduced from 352.8% to 275.8% over the past 5 years.
Debt Coverage: NRD's debt is well covered by operating cash flow (26.2%).
Interest Coverage: NRD's interest payments on its debt are well covered by EBIT (5.3x coverage).