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 ratio2.3x
Cash€1.48b
Equity€4.93b
Total liabilities€13.10b
Total assets€18.02b

Recent financial health updates

Recent updates

Some Investors May Be Worried About adidas' (ETR:ADS) Returns On Capital

Mar 12
Some Investors May Be Worried About adidas' (ETR:ADS) Returns On Capital

adidas (ETR:ADS) Is Making Moderate Use Of Debt

Feb 26
adidas (ETR:ADS) Is Making Moderate Use Of Debt

An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 31% Undervalued

Feb 08
An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 31% Undervalued

adidas AG's (ETR:ADS) Shareholders Might Be Looking For Exit

Jan 03
adidas AG's (ETR:ADS) Shareholders Might Be Looking For Exit

Why adidas AG (ETR:ADS) Could Be Worth Watching

Dec 14
Why adidas AG (ETR:ADS) Could Be Worth Watching

An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 37% Undervalued

Nov 07
An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 37% Undervalued

adidas (ETR:ADS) Takes On Some Risk With Its Use Of Debt

Oct 23
adidas (ETR:ADS) Takes On Some Risk With Its Use Of Debt

adidas (ETR:ADS) Will Be Hoping To Turn Its Returns On Capital Around

Sep 22
adidas (ETR:ADS) Will Be Hoping To Turn Its Returns On Capital Around

Why adidas AG (ETR:ADS) Could Be Worth Watching

Aug 10
Why adidas AG (ETR:ADS) Could Be Worth Watching

A Look At The Fair Value Of adidas AG (ETR:ADS)

Jul 26
A Look At The Fair Value Of adidas AG (ETR:ADS)

adidas (ETR:ADS) Has A Somewhat Strained Balance Sheet

Jul 10
adidas (ETR:ADS) Has A Somewhat Strained Balance Sheet

adidas (ETR:ADS) Will Be Hoping To Turn Its Returns On Capital Around

Jun 24
adidas (ETR:ADS) Will Be Hoping To Turn Its Returns On Capital Around

Is There Now An Opportunity In adidas AG (ETR:ADS)?

May 03
Is There Now An Opportunity In adidas AG (ETR:ADS)?

An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 21% Undervalued

Apr 04
An Intrinsic Calculation For adidas AG (ETR:ADS) Suggests It's 21% Undervalued

These 4 Measures Indicate That adidas (ETR:ADS) Is Using Debt Extensively

Mar 20
These 4 Measures Indicate That adidas (ETR:ADS) Is Using Debt Extensively

Be Wary Of adidas (ETR:ADS) And Its Returns On Capital

Feb 20
Be Wary Of adidas (ETR:ADS) And Its Returns On Capital

Is Now The Time To Look At Buying adidas AG (ETR:ADS)?

Jan 23
Is Now The Time To Look At Buying adidas AG (ETR:ADS)?

Estimating The Intrinsic Value Of adidas AG (ETR:ADS)

Dec 25
Estimating The Intrinsic Value Of adidas AG (ETR:ADS)

Here's Why adidas (ETR:ADS) Has A Meaningful Debt Burden

Dec 11
Here's Why adidas (ETR:ADS) Has A Meaningful Debt Burden

Returns On Capital At adidas (ETR:ADS) Paint A Concerning Picture

Nov 11
Returns On Capital At adidas (ETR:ADS) Paint A Concerning Picture

Is Now The Time To Look At Buying adidas AG (ETR:ADS)?

Oct 11
Is Now The Time To Look At Buying adidas AG (ETR:ADS)?

We Think adidas (ETR:ADS) Can Stay On Top Of Its Debt

Sep 11
We Think adidas (ETR:ADS) Can Stay On Top Of Its Debt

Returns On Capital Signal Tricky Times Ahead For adidas (ETR:ADS)

Aug 11
Returns On Capital Signal Tricky Times Ahead For adidas (ETR:ADS)

At €163, Is adidas AG (ETR:ADS) Worth Looking At Closely?

Jul 12
At €163, Is adidas AG (ETR:ADS) Worth Looking At Closely?

Is adidas (ETR:ADS) A Risky Investment?

Jun 08
Is adidas (ETR:ADS) A Risky Investment?

adidas (ETR:ADS) Has Some Way To Go To Become A Multi-Bagger

Apr 28
adidas (ETR:ADS) Has Some Way To Go To Become A Multi-Bagger

What Does adidas AG's (ETR:ADS) Share Price Indicate?

Mar 29
What Does adidas AG's (ETR:ADS) Share Price Indicate?

Slowing Rates Of Return At adidas (ETR:ADS) Leave Little Room For Excitement

Jan 27
Slowing Rates Of Return At adidas (ETR:ADS) Leave Little Room For Excitement

What Is adidas AG's (ETR:ADS) Share Price Doing?

Dec 28
What Is adidas AG's (ETR:ADS) Share Price Doing?

Is adidas (ETR:ADS) Using Too Much Debt?

Nov 28
Is adidas (ETR:ADS) Using Too Much Debt?

Financial 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).


Balance Sheet


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