NIKE Balance Sheet Health
Financial Health criteria checks 5/6
NIKE has a total shareholder equity of $14.4B and total debt of $8.9B, which brings its debt-to-equity ratio to 62%. Its total assets and total liabilities are $38.1B and $23.7B respectively. NIKE's EBIT is $6.8B making its interest coverage ratio -42. It has cash and short-term investments of $11.6B.
Key information
62.0%
Debt to equity ratio
US$8.94b
Debt
| Interest coverage ratio | -42x |
| Cash | US$11.58b |
| Equity | US$14.43b |
| Total liabilities | US$23.68b |
| Total assets | US$38.11b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: NKE's short term assets ($25.4B) exceed its short term liabilities ($10.6B).
Long Term Liabilities: NKE's short term assets ($25.4B) exceed its long term liabilities ($13.1B).
Debt to Equity History and Analysis
Debt Level: NKE has more cash than its total debt.
Reducing Debt: NKE's debt to equity ratio has increased from 38.5% to 62% over the past 5 years.
Debt Coverage: NKE's debt is well covered by operating cash flow (83.1%).
Interest Coverage: NKE earns more interest than it pays, so coverage of interest payments is not a concern.