adidas Balance Sheet Health
Financial Health criteria checks 2/6
adidas has a total shareholder equity of €5.2B and total debt of €3.9B, which brings its debt-to-equity ratio to 74.6%. Its total assets and total liabilities are €19.3B and €14.2B respectively. adidas's EBIT is €211.0M making its interest coverage ratio 2.7. It has cash and short-term investments of €1.0B.
Key information
74.6%
Debt to equity ratio
€3.85b
Debt
Interest coverage ratio | 2.7x |
Cash | €1.01b |
Equity | €5.16b |
Total liabilities | €14.18b |
Total assets | €19.34b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADS's short term assets (€11.2B) exceed its short term liabilities (€8.7B).
Long Term Liabilities: ADS's short term assets (€11.2B) exceed its long term liabilities (€5.5B).
Debt to Equity History and Analysis
Debt Level: ADS's net debt to equity ratio (55.2%) is considered high.
Reducing Debt: ADS's debt to equity ratio has increased from 20.4% to 74.6% over the past 5 years.
Debt Coverage: ADS's debt is not well covered by operating cash flow (9.9%).
Interest Coverage: ADS's interest payments on its debt are not well covered by EBIT (2.7x coverage).