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
These 4 Measures Indicate That adidas (ETR:ADS) Is Using Debt Reasonably Well
Jun 19
adidas (ETR:ADS) Is Making Moderate Use Of Debt
Feb 26Recent updates
The Price Is Right For adidas AG (ETR:ADS)
Dec 12Estimating The Fair Value Of adidas AG (ETR:ADS)
Nov 13adidas' (ETR:ADS) Returns On Capital Tell Us There Is Reason To Feel Uneasy
Oct 30We Like The Quality Of adidas' (ETR:ADS) Earnings
Aug 06These 4 Measures Indicate That adidas (ETR:ADS) Is Using Debt Reasonably Well
Jun 19Are Investors Undervaluing adidas AG (ETR:ADS) By 29%?
May 27What adidas AG's (ETR:ADS) P/S Is Not Telling You
Apr 17What Does adidas AG's (ETR:ADS) Share Price Indicate?
Apr 02Some 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 03Financial Position Analysis
Short Term Liabilities: ADS's short term assets (€11.1B) exceed its short term liabilities (€8.5B).
Long Term Liabilities: ADS's short term assets (€11.1B) exceed its long term liabilities (€5.6B).
Debt to Equity History and Analysis
Debt Level: ADS's net debt to equity ratio (13.8%) is considered satisfactory.
Reducing Debt: ADS's debt to equity ratio has increased from 28.3% to 45.9% over the past 5 years.
Debt Coverage: ADS's debt is well covered by operating cash flow (109.4%).
Interest Coverage: ADS's interest payments on its debt are well covered by EBIT (10.6x coverage).
Balance Sheet
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/17 04:29 |
| End of Day Share Price | 2024/12/17 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
adidas AG is covered by 83 analysts. 27 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Hans-Peter Wodniok | AlphaValue |
| Daniela Nedialkova | Atlantic Equities LLP |
| Volker Bosse | Baader Helvea Equity Research |