adidas Balance Sheet Health
Financial Health criteria checks 5/6
adidas has a total shareholder equity of €5.4B and total debt of €3.0B, which brings its debt-to-equity ratio to 56.7%. Its total assets and total liabilities are €19.6B and €14.3B respectively. adidas's EBIT is €727.0M making its interest coverage ratio 4.2. It has cash and short-term investments of €1.7B.
Key information
56.7%
Debt to equity ratio
€3.04b
Debt
| Interest coverage ratio | 4.2x |
| Cash | €1.73b |
| Equity | €5.36b |
| Total liabilities | €14.27b |
| Total assets | €19.62b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADS's short term assets (€11.1B) exceed its short term liabilities (€8.8B).
Long Term Liabilities: ADS's short term assets (€11.1B) exceed its long term liabilities (€5.5B).
Debt to Equity History and Analysis
Debt Level: ADS's net debt to equity ratio (24.4%) is considered satisfactory.
Reducing Debt: ADS's debt to equity ratio has increased from 31.7% to 56.7% over the past 5 years.
Debt Coverage: ADS's debt is well covered by operating cash flow (96.6%).
Interest Coverage: ADS's interest payments on its debt are well covered by EBIT (4.2x coverage).