adidas Balance Sheet Health
Financial Health criteria checks 4/6
adidas has a total shareholder equity of €4.9B and total debt of €3.0B, which brings its debt-to-equity ratio to 60.5%. Its total assets and total liabilities are €18.0B and €13.1B respectively. adidas's EBIT is €280.0M making its interest coverage ratio 2.3. It has cash and short-term investments of €1.5B.
Key information
60.5%
Debt to equity ratio
€2.98b
Debt
Interest coverage ratio | 2.3x |
Cash | €1.48b |
Equity | €4.93b |
Total liabilities | €13.10b |
Total assets | €18.02b |
Recent financial health updates
adidas (ETR:ADS) Is Making Moderate Use Of Debt
Feb 26adidas (ETR:ADS) Takes On Some Risk With Its Use Of Debt
Oct 23adidas (ETR:ADS) Has A Somewhat Strained Balance Sheet
Jul 10These 4 Measures Indicate That adidas (ETR:ADS) Is Using Debt Extensively
Mar 20Here's Why adidas (ETR:ADS) Has A Meaningful Debt Burden
Dec 11We Think adidas (ETR:ADS) Can Stay On Top Of Its Debt
Sep 11Recent updates
Some Investors May Be Worried About adidas' (ETR:ADS) Returns On Capital
Mar 12adidas (ETR:ADS) Is Making Moderate Use Of Debt
Feb 26An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 31% Undervalued
Feb 08adidas AG's (ETR:ADS) Shareholders Might Be Looking For Exit
Jan 03Why adidas AG (ETR:ADS) Could Be Worth Watching
Dec 14An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 37% Undervalued
Nov 07adidas (ETR:ADS) Takes On Some Risk With Its Use Of Debt
Oct 23adidas (ETR:ADS) Will Be Hoping To Turn Its Returns On Capital Around
Sep 22Why adidas AG (ETR:ADS) Could Be Worth Watching
Aug 10A Look At The Fair Value Of adidas AG (ETR:ADS)
Jul 26adidas (ETR:ADS) Has A Somewhat Strained Balance Sheet
Jul 10adidas (ETR:ADS) Will Be Hoping To Turn Its Returns On Capital Around
Jun 24Is There Now An Opportunity In adidas AG (ETR:ADS)?
May 03An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 21% Undervalued
Apr 04These 4 Measures Indicate That adidas (ETR:ADS) Is Using Debt Extensively
Mar 20Be Wary Of adidas (ETR:ADS) And Its Returns On Capital
Feb 20Is Now The Time To Look At Buying adidas AG (ETR:ADS)?
Jan 23Estimating The Intrinsic Value Of adidas AG (ETR:ADS)
Dec 25Here's Why adidas (ETR:ADS) Has A Meaningful Debt Burden
Dec 11Returns On Capital At adidas (ETR:ADS) Paint A Concerning Picture
Nov 11Is Now The Time To Look At Buying adidas AG (ETR:ADS)?
Oct 11We Think adidas (ETR:ADS) Can Stay On Top Of Its Debt
Sep 11Returns On Capital Signal Tricky Times Ahead For adidas (ETR:ADS)
Aug 11At €163, Is adidas AG (ETR:ADS) Worth Looking At Closely?
Jul 12Is adidas (ETR:ADS) A Risky Investment?
Jun 08adidas (ETR:ADS) Has Some Way To Go To Become A Multi-Bagger
Apr 28What Does adidas AG's (ETR:ADS) Share Price Indicate?
Mar 29Slowing Rates Of Return At adidas (ETR:ADS) Leave Little Room For Excitement
Jan 27What Is adidas AG's (ETR:ADS) Share Price Doing?
Dec 28Is adidas (ETR:ADS) Using Too Much Debt?
Nov 28Financial Position Analysis
Short Term Liabilities: ADS's short term assets (€9.8B) exceed its short term liabilities (€8.0B).
Long Term Liabilities: ADS's short term assets (€9.8B) exceed its long term liabilities (€5.1B).
Debt to Equity History and Analysis
Debt Level: ADS's net debt to equity ratio (30.5%) is considered satisfactory.
Reducing Debt: ADS's debt to equity ratio has increased from 26.3% to 60.5% over the past 5 years.
Debt Coverage: ADS's debt is well covered by operating cash flow (88.3%).
Interest Coverage: ADS's interest payments on its debt are not well covered by EBIT (2.3x coverage).