Sales and earnings outlook Balance sheet and inventory Higher debt levels in a high interest rate environment can also make some investors wearier. However, the structure of Nordstrom's debt means that a higher-for-longer rate environment would not impact it materially unless the higher interest rate environment persists beyond 2027. The bulk of Nordstrom's $2.9 billion in debt matures between 2027 and 2044 while management has indicated that the debt maturing in 2024 would be repaid with cash on hand. In i ...