adidas Balance Sheet Health
Financial Health criteria checks 5/6
adidas has a total shareholder equity of €6.5B and total debt of €3.0B, which brings its debt-to-equity ratio to 45.9%. Its total assets and total liabilities are €21.8B and €15.2B respectively. adidas's EBIT is €1.5B making its interest coverage ratio 5.7. It has cash and short-term investments of €806.0M.
Key information
45.9%
Debt to equity ratio
€2.99b
Debt
Interest coverage ratio | 5.7x |
Cash | €806.00m |
Equity | €6.52b |
Total liabilities | €15.23b |
Total assets | €21.75b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADS's short term assets (€13.2B) exceed its short term liabilities (€10.6B).
Long Term Liabilities: ADS's short term assets (€13.2B) exceed its long term liabilities (€4.6B).
Debt to Equity History and Analysis
Debt Level: ADS's net debt to equity ratio (33.6%) is considered satisfactory.
Reducing Debt: ADS's debt to equity ratio has increased from 26.2% to 45.9% over the past 5 years.
Debt Coverage: ADS's debt is well covered by operating cash flow (52%).
Interest Coverage: ADS's interest payments on its debt are well covered by EBIT (5.7x coverage).