Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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Over the five-year period Nordstrom’s balance sheet shows a clear shift from a very leveraged position toward stronger equity support. Total assets fell from $9,538m in 2021 to $8,444m in 2024 (≈‑11.5%), then recovered to $8,966m in 2025 (+6.1% vs. 2024). Total liabilities declined from $9,233m in 2021 to $7,596m in 2024 (≈‑17.8%) and ticked up modestly to $7,826m in 2025. The company thereby reduced its leverage: the liabilities-to-assets ratio moved from about 96.8% (2021) to 87.3% (2025). The most notable change is the marked strengthening of stockholders’ equity, which rose from $305m in 2021 to $1,140m in 2025 — an increase of roughly 273%. Equity-to-assets improved from ~3.2% to ~12.7% over the same span, indicating greater loss-absorption capacity and improved solvency. In a retail context—where working capital, inventory turns and lease obligations matter—this trend suggests Nordstrom has been repairing its capital structure (through retained earnings, asset management or capital transactions) and is better positioned to absorb industry shocks. That said, equity remains small relative to total liabilities, so while the direction is positive, continued focus on cash flow and liability management is important to sustain resilience.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.