adidas Balance Sheet Health
Financial Health criteria checks 5/6
adidas has a total shareholder equity of €5.9B and total debt of €2.5B, which brings its debt-to-equity ratio to 42.3%. Its total assets and total liabilities are €20.7B and €14.8B respectively. adidas's EBIT is €1.3B making its interest coverage ratio 8.1. It has cash and short-term investments of €2.5B.
Key information
42.3%
Debt to equity ratio
€2.49b
Debt
| Interest coverage ratio | 8.1x |
| Cash | €2.53b |
| Equity | €5.87b |
| Total liabilities | €14.79b |
| Total assets | €20.66b |
Recent financial health updates
adidas (ETR:ADS) Has A Pretty Healthy Balance Sheet
Feb 04
These 4 Measures Indicate That adidas (ETR:ADS) Is Using Debt Reasonably Well
Jun 19Recent updates
adidas (ETR:ADS) Could Be At Risk Of Shrinking As A Company
Apr 14Pinning Down adidas AG's (ETR:ADS) P/S Is Difficult Right Now
Mar 27adidas' (ETR:ADS) Performance Is Even Better Than Its Earnings Suggest
Mar 12Is There Now An Opportunity In adidas AG (ETR:ADS)?
Feb 25adidas (ETR:ADS) Has A Pretty Healthy Balance Sheet
Feb 04The Price Is Right For adidas AG (ETR:ADS)
Dec 12Estimating The Fair Value Of adidas AG (ETR:ADS)
Nov 13
Retail Innovation And Global Expansion Drive Growth And Earnings Potential
Nov 07 Strategic retail investments and product innovations aim to boost revenue growth through enhanced brand visibility and consumer engagement.adidas' (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 27Financial Position Analysis
Short Term Liabilities: ADS's short term assets (€11.9B) exceed its short term liabilities (€9.6B).
Long Term Liabilities: ADS's short term assets (€11.9B) exceed its long term liabilities (€5.2B).
Debt to Equity History and Analysis
Debt Level: ADS has more cash than its total debt.
Reducing Debt: ADS's debt to equity ratio has increased from 23.2% to 42.3% over the past 5 years.
Debt Coverage: ADS's debt is well covered by operating cash flow (117.1%).
Interest Coverage: ADS's interest payments on its debt are well covered by EBIT (8.1x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/04/17 18:54 |
| End of Day Share Price | 2025/04/17 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 Github.
Analyst Sources
adidas AG is covered by 81 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 |
|---|---|
| Daniela Nedialkova | Atlantic Equities LLP |
| Knut Woller | Baader Helvea Equity Research |
| Volker Bosse | Baader Helvea Equity Research |