adidas Balance Sheet Health
Financial Health criteria checks 5/6
adidas has a total shareholder equity of €5.5B and total debt of €2.5B, which brings its debt-to-equity ratio to 45.9%. Its total assets and total liabilities are €19.6B and €14.1B respectively. adidas's EBIT is €914.0M making its interest coverage ratio 10.6. It has cash and short-term investments of €1.8B.
Key information
45.9%
Debt to equity ratio
€2.54b
Debt
| Interest coverage ratio | 10.6x |
| Cash | €1.78b |
| Equity | €5.54b |
| Total liabilities | €14.06b |
| Total assets | €19.61b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: ADS1's short term assets (€11.1B) exceed its short term liabilities (€8.5B).
Long Term Liabilities: ADS1's short term assets (€11.1B) exceed its long term liabilities (€5.6B).
Debt to Equity History and Analysis
Debt Level: ADS1's net debt to equity ratio (13.8%) is considered satisfactory.
Reducing Debt: ADS1's debt to equity ratio has increased from 28.3% to 45.9% over the past 5 years.
Debt Coverage: ADS1's debt is well covered by operating cash flow (109.4%).
Interest Coverage: ADS1's interest payments on its debt are well covered by EBIT (10.6x coverage).